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Prisa Is Said to Seek Alternative to Unanimous Creditor Accord

Promotora de Informaciones SA is considering alternative ways to restructure 2.9 billion euros ($3.8 billion) of debt as it struggles to get support from some lenders, according to two people familiar with the matter.

Prisa, as the company is known, is looking for a way to avoid having to reach unanimous agreement with its 38 creditors to restructure the debt, the people said, asking not to be identified because the deliberations are private. Some lenders are still not on board with the current restructuring plan, making it very unlikely Prisa could get total accord, they said.