Bondholders agree last ditch Eurotunnel refinancing plan

The group of investors holding subordinated debt in Eurotunnel voted on December 14 to support the beleaguered Channel Tunnel operator's latest debt restructuring plan. The proposal to cut the company's £6.2 billion of debt to £2.9 billion was the company's last chance to avoid insolvency, and depended on the bondholders, who hold £1.9 billion of the debt. The plan includes the issuance of £1.28 billion in convertible bonds.

Bondholders had rejected earlier proposals on the grounds that they

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


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

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a 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