Intrum AB continues to move forward with its recapitalization process and has made important advances during the first months of 2025. Intrum's operations have been resilient despite the complicated financial scenario that the company is going through, and it even managed to close the investment partnership with Cerberus that aims to co-invest up to €1 billion each year, with Intrum providing up to 30% of the capital for those investments. Intrum continues to suspend and defer coupon payments on its senior unsecured notes, but we understand it continues to pay all interest on its revolving credit facility and term loan facilities. However, the company has been making progress with creditors and court decisions to reach an agreement and implement the
