Eurotunnel restructuring gets shareholder nod

Shareholders in Eurotunnel have voted in favour of the restructuring plan approved by bondholders last December. According to Autorite des marches financiers (AMF), the French securities regulator, 87% of equity investors backed the proposal to reduce the company's £6.2 billion of debt to £2.84 billion. The plan includes the issuance of £1.28 billion of convertible bonds, underwritten by Citigroup, Deutsche Bank and Goldman Sachs, who are also to provide a £2.84 billion loan.

The shareholders

To continue reading...

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 indvidual account here: