Preem's lenders and owners made a deal with an 18 month extension of a slight equity injection as well as debt maturities in the year 2009. Recently, in 2010, new maturity is imminent, and refinancing is not likely. This time, all the company's debt is coming due.
What went wrong in the very first restructuring and what should PCP do to ease a more permanent alternative?
PUBLICATION DATE: August 22, 2012 PRODUCT #: 213014-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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