Intrum - comment

It looks like Intrum will be trying to push maturities of the nearer-dated bonds out by two years. But we wonder what the carrot would be because the problem we have with the Higher Coupon idea is that the company is not making any money. What would be the upside from a deal that pays the same amount as a trigger now, just postponing 70% of the payment by another two years? Who would vote for that? Management have invited to a call on Monday at 2 pm GMT - presumably to condition us for it.