Italian Auto Parts Firm Landi Renzo Seeks to Amend Debt Terms
- Maker of alternative fuels engine systems breached covenants
- Landi Renzo is working with advisor Mediobanca on proposal
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Auto parts supplier Landi Renzo SpA hired Mediobanca SpA as an adviser as it weighs amending its bank debt terms as part of a new business plan, according to people familiar with the matter.
Consulting firm Roland Berger will carry out an independent business review on behalf of the banks, who are owed €100 million ($108.5 million), two of the people said, who spoke on condition of anonymity.