Ferretti trying to restructure debt

Posted on

Ferretti S.p.A. is in negotiations to restructure the group’s debt, the company announced this week.

“The proposal would provide for an injection of new equity by some key managers of the Ferretti group … as well as the provision of new credit lines in favor of the group,” the company said in a statement. “Overall, the group’s indebtedness would be reduced.”

Under the proposed terms, Candover and Permira will not participate in the restructuring and will not be part of the shareholding structure going forward.

Click here to read the full release.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

What are your expectations for the spring and summer selling season?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price