MyTravel stirs up bondholders

News

A bondholder committee is being formed under the auspices of the law firm Cadwalader, Wickersham & Taft to negotiate with troubled UK package holiday company MyTravel.

The company, which has seen its market capitalisation fall from £750 million at the end of July last year to £56 million at the end of April, has a £230 million convertible bond issue maturing at the start of January next year.

The bondholder committee is being instituted in response to MyTravel negotiating with its ho

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: