Lowell - comment

Compared to Intrum, Lowell is a far simpler company with less geographical diversification and only a small servicing business that won’t lead to all too divergent valuations. The company published its Q1 financials on Friday after apparently hiring GS to advise on refinancing/restructuring/A&E options. Now that Intrum are narrowing down their options, we are wondering if GS are approaching some of the larger Holders in the Lowell structure to get a deal underway even before summer.