News Ticker

Bain Capital in re-financing talks with Edcon’s creditors

Image Credit: Robbie Tshabalala

Bain Capital, owners of struggling Edcon Holdings, is in talks with the South African retailers largest note holders about refinancing the company’s debt, sources tell Bloomberg. Under current terms, Edcon, which has posted twelve consecutive quarterly losses, faces the prospect of making significant debt repayments beginning in 2016. Restructuring the multi-jurisdictional debt is complex and may take several months.

 

Read more at Bloomberg…

Leave a comment

Your email address will not be published.


*