Intrum seeks settlement with creditors opposing Chapter 11 plan

Intrum AB

17/12/2024 07:10

OSLO, Dec 17 (Reuters) - Sweden's Intrum  INTRUM.ST ,
Europe's biggest debt collector, on Tuesday said it was seeking
a settlement with creditors who object to the company's debt
restructuring plan.
    Intrum last month filed for Chapter 11 bankruptcy in the
United States in a bid to restructure its debt, which reached
49.4 billion Swedish crowns ($4.53 billion) at the end of
September.
    Some creditors, collectively known as the 2025 Ad Hoc Group,
have objected to the plan for a so-called pre-packaged Chapter
11 restructuring, jeopardising the scheme.
    If an agreement is found, the 2025 Ad Hoc Group would
withdraw its challenges to the plan and support transactions to
recapitalise the company, Intrum said in a statement without
elaborating.

($1 = 10.9104 Swedish crowns)

 (Reporting by Terje Solsvik, editing by Essi Lehto)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))