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Stock impact report

Italian Auto Parts Firm Landi Renzo Seeks to Amend Debt Terms [Yahoo! Finance]

MEDIOBANCA SPA UNSP/ADR (MDIBY) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Olivia Rodrigo Is Not Kid-Friendly? Don't Act Surprised. Egypt Devalues Currency by More Than 35% After Big Rate Hike Gold Climbs to Record on Mix of Fed Pivot and Geopolitical Risks Apple's iPhone Woes in China Deepen With a 24% Sales Plunge Nikki Haley Ends 2024 Bid, Setting Up Trump-Biden Rematch Consulting firm Roland Berger will carry out an independent business review on behalf of the banks, who are owed €100 million ($108.5 million), two of the people said, who spoke on condition of anonymity. The Italian producer of alternative fuel-based engine systems for cars has repeatedly sought waivers on its debt covenants. It breached terms in 2022 and in June 2023 on credit lines worth €73 million it arranged less than a year before. Some of the debt is guaranteed by state-backed credit insurer SACE SpA. The drafting of a new plan for the business comes after Landi Renzo reshuffled its management in 2023, with the appointment of Annalisa Stupe Show less Read more
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