Ono asks banks to let bondholders have more voting rights

11 Jan 2012

A prospective senior secured high yield bond for Spanish cable operator Grupo Corporativo Ono could advance the debate about bondholder voting rights in the high yield market.

The company wants to issue a senior secured bond to replace some of its €3.555bn term loan, signed in May 2010, which comes due in 2013, EuroWeek has learnt.

To that end, Ono is in talks with its main lenders to discuss amending loan documents to increase voting ...

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