Final throw of the dice for Eurotunnel as creditors consider restructuring plan

Eurotunnel’s quest for survival is hanging in the balance after the Channel Tunnel operator warned bondholders that the company would be placed into administration unless they accept a debt-restructuring proposal.

Under the terms of the draft “safeguard” plan, shareholders will gain 13% of the new company, Groupe Eurotunnel, junior bondholders will receive £240 million in cash and £1.275 million of convertible hybrid notes, while the senior creditors who hold £4.2 billion will be offered a comple

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: