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Edcon starts debt restructuring talks

Image Credit: Robbie Tshabalala

Edcon Holdings, the Bain Capital-backed South African retailer, has appointed Goldman Sachs and Houlihan Lokey as advisors for its discussions with lenders as it explores its options to restructure and refinance its debt. The retailer needs to start paying 4.5 billion rand in a mix of dollar-, euro- and rand-denominated debt next year, with another 20 billion Rand worth of debt coming due in 2019.

Read more at Bloomberg…

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