Eurotunnel Board Settles On Financing Plan

Law360 (December 19, 2006, 12:00 AM EST) -- Embattled Channel Tunnel operator has selected the financiers for its restructuring plan, only days after a majority of bondholders followed through on their promise to sign off on the company’s proposal to reorganize nearly $12 billion in debt.

On Monday, the Eurotunnel board chose an enlarged consortium of Goldman Sachs Group Inc., Deutsche Bank AG and Citigroup Inc. to serve as the financial backers for the safeguard plan.

While a group of financial institutions, led by Goldman Sachs and Deutsche Bank, had previously squared off against...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.