Atalian to Start Refinancing Talks as €1.2 Billion Debt Looms
- Firm plans to repay part of the bonds, extend maturities
- Bondholders aim to hire financial adviser by early next week
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Atalian SASU is preparing to start refinancing talks with creditors this month as more than €1.2 billion ($1.3 billion) of debt repayments loom for the French cleaning and facility management services firm.
The company will show a business plan to noteholders and banks at the end of September and open discussions to amend and extend the maturity of its bonds due in 2024 and 2025, according to people familiar with the situation, who asked not to be identified because the information is private.