Spandex Maker Lycra Talks to Creditors as Debt Maturities Near
- The company is working with bankers at Houlihan Lokey
- Lycra’s former owner Ruyi ceded control to creditors in 2022
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Textile company Lycra Co. is in talks with its creditors about extending its more than $1 billion in looming debt maturities.
The firm has about $700 million in dollar bonds, €300 million of euro notes and a term loan of over $150 million due next year, according to data compiled by Bloomberg. To address that maturity wall, Lycra is getting financial advice from bankers at Houlihan Lokey Inc., said people with knowledge of the matter.