Intrum has started soliciting creditors’ votes for a prepackaged Chapter 11 reorganization plan that is expected to commence in mid-November.
- Also seeking certain consents under the Swedish law-governed medium-term notes
- After solicitation, plans to file a Chapter 11 voluntary petition for reorganization in the Southern District of Texas
- Plans to complete Swedish company reorganization, previously-announced recapitalization transaction by 1Q 2025
- Will continue to operate as normal with no disruption of service
- Has sufficient liquidity to support continued operations; will continue to pay financial obligations
- Will remain in possession and control of its assets, retain existing management, board
- Solicitation voting deadline ...
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