...- On July 14, Codere announced that it had reached an agreement with an ad hoc noteholder group (AHG) comprising noteholders of the group's outstanding senior secured U.S. dollar and euro notes, for the terms of a proposed refinancing. To support the implementation of the proposed debt restructuring, Codere has entered into a lock-up agreement with the AHG and certain other existing noteholders, together comprising 57.5% of existing senior notes. - The proposed debt restructuring includes the provision of 250 million in new money to the group underwritten by the AHG, to be issued via new super senior notes and drawable in two tranches, first 85 million and then 165 million, subject to meeting certain conditions precedent. - In addition, the transaction includes amendments to the existing U.S. dollar and euro senior notes outstanding that, if completed, will see maturity extended by two years to Nov. 1, 2023, from Nov. 1, 2021 currently, and variations to note interest payable, from an all-cash...
