Spain's El Corte Ingles to restructure 5 bln euros
MADRID May 20 (Reuters) - Spain's largest department store, privately held El Corte Ingles, said on Monday it had started talks to restructure debt totalling 5 billion euros ($6.43 billion).
In a statement, the chain said the new debt could take the form of a syndicated loan and could also involve securitising consumer loans from its finance arm.
The bank Morgan Stanley is leading the refinancing talks, a financial source said.
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Two killed, four wounded in Washington state school shooting
- Two U.S. states to quarantine health workers returning from Ebola zones |
- NYC police say hatchet attack by Islam convert was terrorism |
- 'We won't pay,' furious Cameron tells EU over surprise bill |