Intrum Creditors Split, Group Picks Weil, Lazard for Talks
- Question remains whether company will repay debt due this year
- CEO Rubio says talks with creditors will start in coming weeks
The Intrum headquarters in Stockholm.
Source: Intrum AB
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Bondholders of Intrum AB who considered teaming up for debt talks with the Swedish company have split into different groups given the varied interests of the investors depending on the maturities of the notes they hold, according to people familiar with the matter.
A group of bondholders with notes due in 2024 and 2025 have picked Weil, Gotshal & Manges LLP as legal adviser and Lazard Inc. as financial adviser, said the people, asking not to be named discussing private information.