Creditors to take ISS to the cleaners

news

pg10-iss-gif

A group of around 30 bondholders have clubbed together to bring legal action against Danish cleaning firm ISS Global. The lawsuit also targets PurusCo, the buyout vehicle for Goldman Sachs Capital Partners and EQT. The group represents up to 30% of the total ISS bonds outstanding and it is understood that Axa Investment Managers and European Credit Management are among the largest holders.

Investors are up in arms over three issues. Firstly, they argue that it is illegal to secure senior debt on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here