Debt AdvisoryConsumerSIGNED
Justice Approves Rescue of Frutas Lozano with a €13.2 Million Debt Write-off
Value
€13.2M
Target
Frutas Lozano
The restructuring plan for the Huesca-based fruit group Frutas Lozano has been approved, reducing the company's debt from €17.5 million to €4.3 million. This approval comes a year after the Provincial Court of Huesca annulled its initial plan.
✦ Meridian Analysis
This is a completed debt restructuring for Frutas Lozano, approved by the Justice system, involving a €13.2 million debt write-off. This is a distressed situation where lenders have agreed to a significant reduction in debt. The identities of the lenders, the terms of the remaining €4.3 million debt, and any new equity injection are not disclosed.
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