Issue 2013 August 20th

This issue was created on 2013-08-20 12:43:00

  • Debt refinance for Spanish store giantAugust 20, 2013
Spanish department store chain El Corte Ingles, the largest privately held company in the country, has reached a deal to refinance three quarters of its €5 billion debt. The deal should provide the company with some breathing space as it battles cheaper competitors and the ongoing economic problems in its home market.
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