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Codere nears debt restructuring deal

13th May 2014 6:32 am GMT

Madrid-listed gaming operator Codere has secured three forty eight hour-long standstill agreements as it looks to finalise a deal to restructure its debt, having reached a last-minute agreement in principle with its bondholders.

The agreement is designed to allow Codere’s creditors and management to refine the agreement by May 20th.

“The company expects to continue the productive discussions with all creditors during the standstill period in order to achieve a consensual restructuring [...]

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