Light appears at end of Eurotunnel’s debt nightmare

Light appears at end of Eurotunnel's debt nightmare

Channel tunnel operator's bond holders close to accepting debt rescue package

Eurotunnel was on the brink of winning the support of its bondholders for a
debt rescue deal last night, after weeks of protest from the group.

Creaking under debt and suspended from the trading on the London Stock
Exchange, Eurotunnel has faced intense opposition to its debt restructuring
proposals from the bondholders.

A French court delayed its decision on whether to place the channel tunnel
operator into bankruptcy, which provided Eurotunnel to continue negotiating with
its bondholders Arco, who own a third of Eurotunnel’s £6.2bn debt.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

6m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

10m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor