Giulia Morpurgo
@gmorpurgo
Followers
1K
Following
936
Media
192
Statuses
2K
covering distressed debt and corporate crises across Europe for @business 🖋️📒 Views mine, not my employer's
London, England
Joined May 2012
The hardest part of the job is by far to decipher those convoluted descriptions on corporate websites to understand what these companies actually do
1
0
11
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.
0
1
4
Secured creditors of Altice such as BlackRock are readying a counterproposal to the company’s plan to reduce its €24.4 billion debt pile
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...
5
4
8
And why not dabble in levfin too: Goldman Sachs wholly underwrote the bridge financing for Almaviva's latest US acquisition. https://t.co/uWIFm1trcA
bloomberg.com
Goldman Sachs Group Inc. has lined up around €350 million ($389 million) of debt financing to back Italian IT group Almaviva SpA’s purchase of US tech firm Iteris Inc., according to people familiar...
0
0
3
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
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.
0
0
1
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
0
0
2
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
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
0
0
1
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
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.
0
1
2
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
bloomberg.com
Creditors to Thames Water will start work on their own proposal to rescue the beleaguered UK utility firm and avoid nationalization.
0
1
1
Stonegate's CDS prices have plunged as investors fear a debt refinancing last week might have rendered them effectively worthless.
bloomberg.com
Credit default swaps tied to the UK’s largest pub operator have plunged in value as investors fear the company’s recent debt refinancing has left the contracts worthless, meaning bondholders have no...
0
0
3
More details of Thames Water debt trading, who sold at and which cost, with @lauralevfinance & @ManySundays
bloomberg.com
Bank of Montreal has sold about £300 million ($383 million) of Thames Water’s senior debt at an almost 30% discount, according to people familiar with the transaction.
0
2
4
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
0
1
2
Then bag maker Furla entered formal debt restructuring talks, with new advisers and €25 million committed by its owning family. Edits by @neilrchatterjee
bloomberg.com
Italian handbag maker Furla SpA has kicked off formal debt restructuring talks with its lenders after years of losses.
0
0
1
Right so this week has been quite busy on the Italian distressed front. First, @LibbyCherry98 & @ssirletti had an exclusive on the Bauer hotel in Venice and its potential new owner https://t.co/KxD797TpPL
bloomberg.com
Mohari Hospitality Ltd is in exclusive talks to purchase Venice’s five-star Hotel Bauer, according to people familiar with the matter, beating other bidders including billionaire Bernard Arnault.
0
0
1
Thames Water's trading activity is heating up.. With @lauralevfinance
https://t.co/py5hyzwuJ9
bloomberg.com
One of Thames Water’s creditors is trying to offload £300 million ($386 million) of the utility firm’s senior debt.
0
1
2
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
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.
0
3
4
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
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.
5
4
5
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
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.
0
0
1
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
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...
0
4
10
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.
0
0
1