Gaming Giant Looks To Restructure With €250M Lending Plan

Law360, London (September 3, 2020, 7:03 PM BST) -- An international gaming operator urged a London judge Thursday to greenlight a meeting for creditors to vote on a plan for €250 million ($296 million) in new lending the company says will help it avoid liquidation, despite opposition from a hedge fund with a minority stake.

The application from Codere Finance 2 (UK) Ltd. on behalf of a group of Codere companies seeks a court order allowing it to call a creditors meeting to vote on its financial restructuring arrangement. On Thursday, a lawyer for Codere told the court that the companies have been severely affected by the COVID-19 pandemic and...

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