Unitas, Ontario Teachers may bow out in NZ Yellow Pages restructure
New Zealand’s encumbered Yellow Pages may overhaul its debt structure in a move that would minimize the company’s debt burden but would render its private equity owners Unitas Capital and Ontario Teachers Pension Plan completely void.
The company's Board and its banking lenders will to vote on a motion Wednesday that would shift Yellow Pages' obligations from NZ$1.17 billion of senior debt to a streamlined, NZ$500 million in senior...
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