Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

KKR’s ATU Reaches Preliminary Agreement for Debt Restructuring

Don't Miss Out —
Follow us on:

Oct. 24 (Bloomberg) -- ATU Auto-Teile-Unger, the German car-repair chain owned by KKR & Co., said it agreed terms on a debt restructuring with its biggest lenders.

Centerbridge Partners LP, ATU’s largest creditor, will invest an extra 25 million euros ($35 million) as part of the deal, the Weiden, Germany-based company said in a statement on its website.

Goldman Sachs Investment Partners, another creditor, supported the restructuring, according to the statement. ATU has about 600 million euros of bonds coming due next year, according to data compiled by Bloomberg.

“The agreement marks a key milestone on our way toward a significant reduction of our debt burden,” Hans-Norbert Topp, ATU’s chief executive officer, said in the statement.

ATU’s earnings before interest, tax, depreciation and amortization totaled 61.9 million euros in the year to June 2013, compared with 103.4 million euros in the previous period, the company said on Aug. 8.

To contact the reporter on this story: Patricia Kuo in London at

To contact the editor responsible for this story: Shelley Smith at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.