Elis agrees amendments, prepares for bond debut

29 May 2013

Elis, a French workwear rental business, has announced the roadshow for its debut bond transaction after the majority of its senior lenders consented to the issuance of new debt.

The firm has also reached an agreement with most of its senior lenders on amending and extending all its senior loan tranches.

The borrower had asked lenders to consent to extend the maturity of all its senior loan tranches to 2017, as well as increase the margins on the ...

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