iQera bondholders sign co-op agreement ahead of French process
- Bianca Boorer
iQera’s bondholders have signed a co-op agreement as the French debt collector gears up to start discussions through a French process, sources close told 9fin. This is the second French company to have creditors signing a co-op agreement after Altice France’s creditors signed one in April.
The group is being advised by Houlihan Lokey and Gibson Dunn. The group holds a sizeable amount of both the group’s 2024 and 2027 bonds, one of the sources said.
The deadline for bondholders and RCF lenders to vote on whether the company can enter into a mandat ad hoc or conciliation proceeding was today (28 June) at 5pm Paris time. The deadline for the consent solicitation has been extended a few times since its initial launch on 10 May, according to company releases.