US PP players weigh up sectoral difficulties after Interserve stumbles

US private placement (US PP) investors are considering whether the UK's support services industry is worth the risk after Interserve was forced into a debt for equity swap, with the dust still to settle on Carilion’s liquidation. Silas Brown reports.

  • By Silas Brown
  • 07 Feb 2019

This week Interserve agreed a deal with its lenders to save the firm from financial collapse. The plan pledges to slash its debts from over £600m to £275m in a debt for equity swap.

Interserve had £265.5m of US PP debt as of June 30, and £542m of ...

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