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Prospect News home > News index > List of issuers L > Headlines for Lecta Paper UK Ltd. > News item
Published on 12/6/2023 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Lecta cancels €255.56 million in two series of secured floaters

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Paper Industries Intermediate Financing Sarl and co-issuer Lecta Paper UK Ltd. marked down and canceled their €200 million floating-rate senior secured notes due 2025 (ISIN: XS2114335669, XS2114336550) and €55,555,555 floating-rate senior secured notes due 2025 (ISIN: XS2194623109, XS2194623281, according to a company notice.

The cancellations were the result of a previously announced scheme of arrangement that was sanctioned by the High Court of Justice of England and Wales on Nov. 24.

Lecta is a Barcelona, Spain-based manufacturer of specialty paper, coated paper and other high value-added paper products.


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