Fri 04/21/2023 11:32 AM
Hilding Anders is at risk of running out of money in late April or early May if it is unable to complete its
delayed sale-and-leaseback transaction, sources said. To shore up liquidity, the Sweden-based mattress group has launched an interim restructuring transaction that includes a new €20 million super senior facility, which will be open to all lenders but has been backstopped by the ad hoc group formed during last year’s
restructuring.
The company has also provided an updated business...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.