Eurotunnel in advanced restructuring negotiations with Goldman Sachs, Macquarie groups

By Caroline Salls

Pittsburgh, May 15 - Eurotunnel SA said it is in advanced negotiations toward a global financial restructuring with its ad hoc committee of creditors and the Goldman Sachs and Macquarie groups, according to a company news release.

As previously reported in February, Eurotunnel's joint board approved the memorandum of agreement with the ad hoc committee of creditors outlining its global debt restructuring.

Eurotunnel recently obtained an extension of a waiver from its senior creditors giving it to July 12 to begin a new period of negotiations.

Eurotunnel is the Paris-based operator of the Channel Tunnel.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.