KKR-Owned Selecta Raises €50 Million Cash From Bondholders
- The vending machine operator is in talks over its debt burden
- Firm also got an extension to grace period for missed coupon
A Selecta vending machine.
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Selecta Group BV has raised €50 million ($51 million) from some of its bondholders to boost its balance sheet.
The Swiss vending machine operator, owned by KKR & Co., obtained the cash in the form of a new credit facility, according to a statement on Monday. Selecta has been in talks with its creditors over its debt structure as liabilities come due next year.