HPS primes Pizza Express bondholders with new £70m rescue pack

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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HPS primes Pizza Express bondholders with new £70m rescue pack

Owen Sanderson
March 18, 2020 05:00 PM
Pizza Express 230x150

HPS Investment Partners is providing a super senior loan of £70m to troubled UK casual dining chain Pizza Express, paying back borrowing from owner Hony Capital and bank creditors, but pushing the bondholders' 6.625% £465m secured bonds down the recovery waterfall.

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Owen Sanderson
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