The USD 500m debt ofIstanbul 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.
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.
On27 July, Debtwire held an online discussion on VistaJet focusingon theMalta domiciled aviation company’s financial position, the challenges it faces as itramps up operations on a larger fleet, and the optionality it has to overcome alooming liquidity gap.
At the 2017 Debtwire Italian Restructuring Forum we interviewed Mauro Trabatti, Director at AlixPartners, who took part in the transportation sector restructuring panel.
Asli Orbay
Reporter, Arbitration and Litigation, Debtwire CEEMEA
Laura Gardner Cuesta
Senior Reporter, Debtwire CEEMEA
Chiara Elisei
Co-Deputy Editor , Acuris
Matt O'Brien
Content Editor, Acuris Studios
Hannah Ogunlowo
Speakers, Acuris
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