TRLPC-Dutch DIY retailer Maxeda faces debt restructuring-sources

April 10, 2015 3:09 PM

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LONDON, April 10 (Reuters) - Dutch DIY retailer Maxeda is in debt restructuring talks with lenders and its private equity owners including KKR following a failed sales process last year, according to two banking sources.

Under the terms of the proposed debt restructuring, the group's private equity owners KKR, Permira, Alpinvest and Cinven will write off up to 200 million euros ($212.58 million) of junior debt in return for a maturity extension on Maxeda's existing B and C loan tranches, the bankers said.

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