Norske Skog Said to Work With Houlihan Lokey on Debt Review
- Bondholders had approached management about maturities
- GSO and others working on proposals to reduce company debt
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Norske Skogindustrier ASA is working with Houlihan Lokey Inc. to conduct a review of its debt structure, which may lead to a restructuring, according to two people with knowledge of the matter.
The investment bank will assess options for the Norwegian papermaker, said the people, who asked not to be identified because the matter is private. The appointment came after bondholders approached management about reviewing debt maturities, they said.