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Giulia Morpurgo Profile
Giulia Morpurgo

@gmorpurgo

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covering distressed debt and corporate crises across Europe for @business 🖋️📒 Views mine, not my employer's

London, England
Joined May 2012
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@gmorpurgo
Giulia Morpurgo
1 year
The hardest part of the job is by far to decipher those convoluted descriptions on corporate websites to understand what these companies actually do
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@gmorpurgo
Giulia Morpurgo
1 year
Italian wine makers have already been grappling with a changing climate and changing tastes. A spike in borrowing costs makes their lives even more difficult. With @antoniovanuzzo, we look at the state of the sector https://t.co/PU5o10XcG3
bloomberg.com
The nation’s vineyards were already grappling with a changing climate and changing tastes. A spike in borrowing costs makes their lives even more difficult.
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@business
Bloomberg
1 year
Secured creditors of Altice such as BlackRock are readying a counterproposal to the company’s plan to reduce its €24.4 billion debt pile
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bloomberg.com
Secured creditors of Altice France including BlackRock Inc., Elliott Investment Management and Pacific Investment Management Co. are readying a counterproposal to the company’s plan to reduce its...
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@gmorpurgo
Giulia Morpurgo
1 year
In other news, the support for Intrum's debt restructuring is slowly growing. I see the 2027 bonds up 4 points this morning! https://t.co/amgnBEZosa
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bloomberg.com
Swedish debt collector Intrum AB has gained the support of creditors holding 71% of its bonds for a debt restructuring, according to people familiar with the matter.
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@gmorpurgo
Giulia Morpurgo
1 year
Earlier, we had another The Brink issue focused instead on unrestricted subs and their growing popularity amongst European borrowers, which had previously been a bit hesitant. Always keen to look at more aggressive LME-style plays so do reach out to chat!
bloomberg.com
Sweden’s Oriflame is the latest firm to eye a so-called drop-down, but creditors on both sides of the Atlantic are starting to push back against aggressive debt deals
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@gmorpurgo
Giulia Morpurgo
1 year
Over the weekend, we also had a timely issue of the Brink focused on Thames Water, and how a group of its creditors is looking to move proactively and not sit on the sidelines. With @ronanmartin97 https://t.co/JUK3AtkdLU
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bloomberg.com
While the UK utility company looks for new equity investors, creditors holding around ÂŁ10 billion of debt will work on a rescue plan
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@gmorpurgo
Giulia Morpurgo
1 year
Have been posting a little bit less on here but doing some catching up - Hurtigruten gets some emergency funding from some of its lenders as the company remains in talks over its debt structure https://t.co/jabuSwc0y0
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bloomberg.com
Norwegian cruise line operator Hurtigruten Group AS has secured €25 million ($28 million) in rescue funding from its creditors as restructuring talks continue.
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@ronanmartin97
Ronan Martin
1 year
A group of creditors to Thames Water that hold about ÂŁ10 billion of the debt will start work on their own proposal to rescue the beleaguered UK utility firm and avoid a prolonged special administration or nationalization https://t.co/I21ej36t3K with @gmorpurgo
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bloomberg.com
Creditors to Thames Water will start work on their own proposal to rescue the beleaguered UK utility firm and avoid nationalization.
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@gmorpurgo
Giulia Morpurgo
1 year
The maker of the bags 🛍️ of my middle school years is starting debt talks with creditor banks. For all details on the situation, the numbers and the advisers involved read on @TheTerminal. With @antoniovanuzzo
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@gmorpurgo
Giulia Morpurgo
1 year
Then bag maker Furla entered formal debt restructuring talks, with new advisers and €25 million committed by its owning family. Edits by @neilrchatterjee
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bloomberg.com
Italian handbag maker Furla SpA has kicked off formal debt restructuring talks with its lenders after years of losses.
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@sabahmeddings
Sabah Meddings
1 year
Exclusive: Boohoo lenders hire advisers for crucial debt talks as online fashion retailer attempts to thrash out a deal ahead of a debt deadline. Boohoo has hired Rothschild to advise. With @gmorpurgo + @ManySundays and @DeirdreHipwell
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bloomberg.com
Lenders to Boohoo Group Plc have hired advisers to thrash out a deal with the British online clothing retailer as it faces a looming ÂŁ325 million ($418 million) debt wall and mounting losses.
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@Jess_Shankleman
Jess Shankleman
1 year
Thames Water is scrambling to avoid massive fines after its debt was cut to junk by Moody's today. Story with @gmorpurgo and Abhinav Ramnarayan
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bloomberg.com
Thames Water asked regulators to help it avoid massive fines after it was downgraded to junk by Moody’s Ratings, adding to the financial pressure on Britain’s biggest water supplier.
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@gmorpurgo
Giulia Morpurgo
1 year
The UK's largest pub operator is nearing a deal with its creditors which will see owner TDR Capital inject around ÂŁ200 million in the company to slash some debt. An agreement could be reached as early as this week - team effort at @business https://t.co/vCOWfD15SK
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bloomberg.com
The owner of the UK’s biggest pub operator is nearing an agreement with its creditors to address more than £3 billion ($3.9 billion) in debt.
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@gmorpurgo
Giulia Morpurgo
1 year
After several injections in the past 3 years to turn around the company, TDR Capital risks losing control of 🇳🇴🚢Hurtigruten if it doesn't manage to refinance a bond by the end of August. With @irenegperez https://t.co/oEuMfDTGDZ
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bloomberg.com
TDR Capital LLP risks losing control of Norwegian cruise line operator Hurtigruten Group AS if the company fails to refinance its bond due next year by the end of August, according to people familiar...
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@gmorpurgo
Giulia Morpurgo
1 year
German landlord Demire says four of its subsidiaries are to file for insolvency after failing to pay back a loan. Via @business https://t.co/xj85yCyAk0
bloomberg.com
Four subsidiaries of German landlord Demire Deutsche Mittelstand Real Estate AG are filing for insolvency after failing to repay a loan.
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