date:Mar 21, 2014
ed by the court, it will be submitted to a creditors vote.
The restructuring plan groups all of Pescanovas Spanish units apart from Novapesca Trading into a new company, according to the March 4 regulatory filing. It excludes international units and aims to cut debt to 812.5 million euros.
The debt will be split between senior and junior tranches held by lenders totaling 700 million euros, while 112.5 million euros of super senior debt will be held by Damm, Luxempart and other creditors, accor