Moving to a General Standard will significantly reduce the disclosure requirements for Accentro. The company will continue to report

The bondholder agreement on interest deferral was always going to happen, and now it is up to Accentro to complete the restructuring by

The devaluation of the equity in the balance sheet should not derail the restructuring discussions underway with the bondholders. However, it is evidence of how

Bondholder approval to scrap the partial redemption was inevitable. Accentro doesn’t have the money right now, and the proposed

Accentro was never going to be able to make the €65m bond redemption in December, hence the restructuring. This proposal will

Getting the first €9.8m of the €35m in super senior secured funding from bondholders is one step closer to completing the

The restructuring deal is one step closer after the Ad Hoc bondholder group agreed to buy the 2029 bond. Assuming the bond purchase is completed as

For weeks the Ad Hoc bondholder group has been pushing Accentro to agree to a credible plan to restructure its balance sheet, and that has now

Getting a group of Bondholders to lend Accentro the money to pay coupons on their debt is a slight positive. The bondholder group would prefer a

Accentro is shaking a stick at bondholders, and a StaRUG process is coming. Investor patience will be thin at a third non-court restructuring in

The failed DIM purchase is another murky transaction from Accentro. BAFIN wants to reopen the accounts for 2021 and 2022 to investigate