Sweden’s Intrum has “come to terms” with the dissenting noteholder group that hold notes due 2025 ahead of a key hearing in US bankruptcy court, according to a company attorney.
- The agreement requires the consents of other parties, a process that’s currently underway, according to Andrew M. Leblanc at the Monday hearing in Texas
- The debt collecting company will update court with terms soon, he said
- Terms of the agreement announced in court late Monday were not immediately disclosed
- Note: The 2025 noteholder group has
opposed the Chapter 11 plan, alleging that there was “no valid bankruptcy purpose” for ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.