Bondholders agree last ditch Eurotunnel refinancing plan
The group of investors holding subordinated debt in Eurotunnel voted yesterday to support the beleaguered Channel Tunnel operator’s latest debt restructuring plan.
“I can now say that Eurotunnel is virtually saved,” said Eurotunnel chief executive officer Jacques Gounon.
A majority of the company’s bank debt creditors, holders of its senior and junior debt, which is 70% of the total amount, voted in
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