Jack Wolfskin Recapitalized
Key investors in Jack Wolfskin have reached an agreement that will see its main lenders some €255 million in debt which will reduce its debt load to €110 million from €365 million in return for taking over the equity of the company. The lenders have also agreed to another €25 million as a senior loan to improve the company’s liquidity. The majority of the shares that had been held by Blackstone will now be controlled by an investor group ... Log in to view full article.