Deal Could Slash Yachtmaker’s €900 Mln Debt

17 Jul 2009

Bavaria Yachtbau, the German yacht manufacturer, is reportedly in discussion with lenders for a restructuring that would reduce its €900 million ($1.3 billion) debt.

Bavaria Yachtbau, the German yacht manufacturer, is reportedly in discussion with lenders for a restructuring that would reduce its €900 million ($1.3 billion) debt. The proposed debt-for-equity swap, which involved BY owner Bain Capital and Oaktree Capital Management, which has acquired more than one-third of the company’s debt, ...

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