Spanish Court Ruling on Celsa Restructuring Plan and Competing Valuations

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter discusses the upcoming ruling by the Spanish court on a proposed restructuring plan for Chelsea steel company, where creditors are seeking a debt for equity swap to take control of the company, opposed by the current shareholders. The case is significant as it is the largest restructuring attempt under Spain's new plan, with competing valuations being a key issue.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on: -Spanish steel company Celsa’s restructuring plan, and why it matters; -U.K. telecoms group TalkTalk, its upcoming maturities and what its options are; and -Direct lenders, and what their expectations are heading into the post-summer period. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/ Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/ #leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans