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Edcon asks investors to take a haircut as it restructures debt

Image Credit: Robbie Tshabalala

Edcon is asking holders of $475 million in 2019 bonds to take a haircut as the South African retailer looks to restructure its debt load. The Bain Capital-backed company is asking debt holders to swap 2019 notes for new super-senior debt and warrants to purchase equity in the company. 

Read more at Bloomberg…

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