Accell Group, Banks Agree on Debt Restructuring
The bike company’s investors, led by Kohlberg Kravis Roberts, have reached a deal with lenders to significantly reduce Accell’s debt in a recapitalization that is expected to be implemented by the beginning of 2025, the Outdoor Industry Compass reported. The transaction will lead to a debt reduction of approximately €600 million, or roughly 40% of total debt, cutting the current debt of around €1.4 billion to ... Log in to view full article.
