Salt Bae Owner in Talks to Delay Repayments on Restructured Debt
- Dogus Holding is in early stage talks with local lenders
- Company restructured $2.7 billion of debt in April last year
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The owner of the Nusr-Et steakhouse, known by its founder chef’s meme Salt Bae, is negotiating with lenders to delay repayments on 2.3 billion euros ($2.7 billion) of debt that was restructured last year.
Turkish billionaire Ferit Sahenk’s Dogus Holding AS is in preliminary talks with a group of banks after its cash flows took a knock because of the coronavirus pandemic, according to people familiar with the matter. They asked not to be identified as the talks are confidential.