Welcome Break lifeline



The owner of beleaguered motorway service operator Welcome Break has made a surprisingly generous refinancing proposal to its bondholders. Investcorp has offered to purchase the full £309 million balance of Welcome Break’s class A notes at 97% of par, and the full £67 million balance of its class B notes at 45% of par. The proposal is made possible by RBS’s offer to extend an additional £102.5 million of loan funding to Welcome Break.

At this stage, both classes of noteholders need to approve

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


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