Transport

The USD 500m debt of Istanbul Deniz Otobusleri (IDO), a Turkey-based ferry company, will be divided into two as a sustainable and unsustainable loan, which will be reinstated separately on the OpCo and MidCo levels, according to two sources familiar with the situation.

As Ukraine’s tightly contested presidential race enters its last stretch this week, policy uncertainty is expected to dominate until a very likely second round of elections in April, if not until the October parliamentary polls, market participants told Debtwire. This uncertainty spells bad news for a country reliant on external funding to make USD 20bn in sovereign and quasi-sovereign debt repayments between 2019 and 2021, they said.

Cerberus pursues German bank purchases. 

• Navigating turbulent waters

Our Acuris Studios editor, Matt O'Brien, takes a look at how consumers will impact the next distressed corporate debt cycle in our latest blog.

Restructuring Day focused on the insights from investors about how they are evaluating distressed opportunities.

Andreas Ziegenhagen, European Head of the Restructuring, Insolvency and Bankruptcy at Dentons tells us where he sees European restructuring heading in the next 12 months and what he learned from the past year. 

Spotlight on Toys "R" Us and Navios Maritime Acquisition Corp.