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Codere secures extension to finalise debt restructuring deal

1st May 2014 8:16 am GMT

Madrid-listed gaming operator Codere has secured a ten-day extension to finalise a deal with its creditors and bondholders as it looks to restructure its €1.2bn debt.

In accordance with article 82 of law 24/1988 of the Spanish Stock Market Act, Codere has put a standstill agreement in place with the support of all senior facility lenders and a majority of bondholders.

During this period the company will continue discussions with all its creditors as it looks to [...]

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