Welcome Break SPV calls in the receivers

News

The financing arm of UK motorway service station operator Welcome Break has gone into administrative receivership, putting the future of its £376 million of outstanding bonds into question.

Last month the owner of Welcome Break, Investcorp, signed off the accounts of the Welcome Break Group as a going concern, but did not do the same for Welcome Break Finance (WBF), the special-purpose vehicle that issued the bonds. Within a week, Neville Kahn of accountancy firm Deloitte & Touche was appoin

To continue reading...

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 indvidual account here: