Bridgepoint Serving Azzurri Lenders New Loan Plan for Dividend
- Sponsor to discuss transaction with creditors tomorrow
- Total 2.76 billion euros leveraged loans in 2016 for dividends
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Azzurri Group Ltd., operator of the U.K.’s ASK Italian, Zizzi and Coco di Mama restaurant chains, plans to ask lenders for 83 million pounds ($105 million) to repay existing debt and finance a dividend payment to its private equity owner, Bridgepoint.
The company has scheduled a call with the group’s creditors for tomorrow to discuss details of the proposed transaction, according to a person familiar with the matter, who is not authorized to speak publicly and asked not to be identified.