EQT Credit injects cash, takes control of Bartec

explosion
By Owen Sanderson
18 Nov 2019

EQT Credit has become the largest shareholder in former Charterhouse portfolio company Bartec, injecting €80m of new money alongside other creditors as part of the restructuring of €280m of debt at the Austrian explosion protection specialist — its second restructuring in three years.

Data from IHS Markit showed that the company’s loans had some of the largest price falls this quarter, with both the PIK notes, added to the capital structure during the 2017 restructuring, and term loan ‘C’ sinking more than 18 points between July and October, to be quoted ...

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