Key Eurotunnel Players Negotiate Over Debt Plan

Law360, New York (October 25, 2006, 12:00 AM EDT) -- After months of fierce debate, a handful of Eurotunnel's leading creditors have inched closer to a deal over the terms of the beleaguered channel operator’s debt restructuring plan, insiders say.

On Monday, various members of an ad hoc committee of senior creditors, along with leading bondholder Deutsche Bank, purportedly reached a compromise over the equity split and rate of dilution, two previous points of contention.

The group is expected to present its findings to the bigger lender body in Paris this week but some sources say...
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