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IntrumJustitia


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Majority Holding Intrum Note Owners Sign Lock-Up Agreement

BRIEF-Majority Holding Intrum Note Owners Sign Lock-Up Agreement Sept 19 (Reuters) - Intrum AB INTRUM.ST : SAID ON WEDNESDAY AS OF SEPT 16, NOTEHOLDERS HOLDING MORE THAN 72% OF INTRUM'S SENIOR UNSECURED NOTES, MTNS DUE 2025-2028, SENIOR UNSECURED PRIVATE PLACEMENT NOTES BY VALUE SIGNED LOCK-UP AGREEMENT NOTEHOLDERS HOLDING MORE THAN 50% (BUT LESS T
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Johan Åkerblom Assumes Role As CFO Of Intrum As Of September

BRIEF-Johan Åkerblom Assumes Role As CFO Of Intrum As Of September Sept 4 (Reuters) - Intrum AB INTRUM.ST : JOHAN ÅKERBLOM ASSUMES THE ROLE AS CFO OF INTRUM JOHAN ÅKERBLOM ASSUMES ROLE AS CFO AS OF SEPTEMBER Source text for Eikon: ID:nMFN34jLBT Further company coverage: INTRUM.ST (Gdansk Newsroom)
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Intrum wins support for refinancing from 67% of noteholders

UPDATE 1-Intrum wins support for refinancing from 67% of noteholders Adds background, detail of planned recapitalisation in paragraphs 2-6 OSLO, Aug 30 (Reuters) - Swedish debt collector Intrum INTRUM.ST has received support from more than two-thirds of its noteholders for a planned refinancing , the minimum level required to go forward with the scheme , the group said on Friday.
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Domino's Pizza Group, OSB Group, Travis Perkins

EUROPE RESEARCH ROUNDUP-Domino's Pizza Group, OSB Group, Travis Perkins Aug 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Domino's Pizza Group, OSB Group and Travis Perkins, on Monday. HIGHLIGHTS * Domino's Pizza Group Plc DOM.L : Jefferies cuts target price to 400p from 430p * Holcim HOLN.S : Deutsche Bank raises to buy from hold * OSB Group OSBO.L : Peel Hunt cuts to hold from add * Travis Perkins TPK.L : Peel Hunt raises to
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Intrum Reaches Agreement In Principle With Majority Of RCF Lenders

BRIEF-Intrum Reaches Agreement In Principle With Majority Of RCF Lenders Aug 16 (Reuters) - Intrum AB INTRUM.ST : REACHES AGREEMENT IN PRINCIPLE WITH THE MAJORITY OF ITS RCF LENDERS CONTINUING SIGNIFICANT PROGRESS TOWARDS RECAPITALISATION RCF LENDERS ARE EXPECTED TO IMMINENTLY SIGN INTRUM’S EXISTING LOCK-UP AGREEMENT REDUCTION OF THE OVERALL RCF
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Intrum Enters Into Lock-Up Agreement With Majority Of Its RCF Lenders

BRIEF-Intrum Enters Into Lock-Up Agreement With Majority Of Its RCF Lenders Aug 16 (Reuters) - Intrum AB INTRUM.ST : INTRUM ENTERS INTO LOCK-UP AGREEMENT WITH MAJORITY OF ITS RCF LENDERS CONTINUING SIGNIFICANT PROGRESS TOWARDS RECAPITALISATION BINDING AGREEMENT WITH REVOLVING CREDIT FACILITY LENDERS WHO HOLD APPROXIMATELY 75.6% OF DEBT AGREEMENT SU
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Intrum reaches deal with lenders in step towards recapitalisation

UPDATE 1-Intrum reaches deal with lenders in step towards recapitalisation Adds detail in paragraphs 2-3 STOCKHOLM, Aug 15 (Reuters) - Swedish debt collector Intrum INTRUM.ST has reached an agreement in principle with a majority of its revolving credit facility ( RCF) lenders in a step towards a recapitalisation of the company, it said in a statement on Thursday.
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Intrum reaches deal with lenders in step towards recapitalisation

Intrum reaches deal with lenders in step towards recapitalisation STOCKHOLM, Aug 15 (Reuters) - Swedish debt collector Intrum INTRUM.ST has reached an agreement in principle with a majority of its revolving credit facility lenders in a step towards a recapitalisation of the company, it said in a statement on Thursday. Reporting by Anna Ringstrom, e
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Deutsche Bahn and Infineon Aug 5 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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Intrum bondholders challenge $5.8 bln debt restructuring, FT reports

UPDATE 1-Intrum bondholders challenge $5.8 bln debt restructuring, FT reports Updates shares in paragraph 2, adds details of plan and background from paragraph 3 STOCKHOLM, July 30 (Reuters) - A group of bondholders in Europe's largest debt collector Intrum INTRUM.ST is seeking to challenge a restructuring of the Swedish company's own 5.4 billion euro ($5.84 billion) borrowings, the Financial Times reported on Tuesday, citing unnamed sources.
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Intrum bondholders challenge $5.8 bln debt restructuring, FT reports

Intrum bondholders challenge $5.8 bln debt restructuring, FT reports COPENHAGEN, July 30 (Reuters) - A group of bondholders in Intrum INTRUM.ST , Europe's largest debt collector, seeks to block a restructuring of the Swedish company's own 5.4 billion euro ($5.84 billion) borrowings, the Financial Times reported on Tuesday, citing unnamed sources. Intrum's share price, which had risen on the announcement in June of an agreement with some bond holders, fell 8% by 0724 GMT on Tuesday.
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Intrum CEO Confident Co Will Reach 25% Servicing Margin By 2026

BRIEF-Intrum CEO Confident Co Will Reach 25% Servicing Margin By 2026 July 18 (Reuters) - Intrum AB INTRUM.ST : INTRUM CEO: CONFIDENT WE WILL GET TO 25% SERVICING MARGIN BY 2026 INTRUM CEO: SUSPECT WE WILL REACH AN AGREEMENT ON RCF IN COMING DAYS Further company coverage: INTRUM.ST (Gdansk Newsroom)
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Intrum Expects Leverage Ratio To Sit At Around 4X In 2024

BRIEF-Intrum Expects Leverage Ratio To Sit At Around 4X In 2024 July 18 (Reuters) - Intrum AB INTRUM.ST : Q2 LEVERAGE RATIO DOWN 0.5X TO 3.9X VERSUS. Q1'24 Q2 SERVICING ADJUSTED EBIT SEK 692 MILLION VERSUS SEK 589 MILLION SEEN IN COMPANY CONSENUS Q2 CASH EBITDA SEK 3,053 MILLION VERSUS SEK 2,984 MILLION SEEN IN COMPANY CONSENUS Q2 INCOME UP 6% VERSUS.
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Debt collector Intrum's Q2 earnings lag expectations

UPDATE 2-Debt collector Intrum's Q2 earnings lag expectations Adds reported profit in paragraph 3, end-Q2 net debt in paragraph 4, servicing margin in paragraph 5, CEO quote in paragraph 6 By Greta Rosen Fondahn July 18 (Reuters) - Europe's largest debt collector Intrum INTRUM.ST reported smaller-than-expected operating earnings for the second quarter on Thursday, while it said margins in its key servicing segment had improved in the period.
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Debt collector Intrum's Q2 earnings lag expectations

Debt collector Intrum's Q2 earnings lag expectations July 18 (Reuters) - Europe's largest debt collector Intrum INTRUM.ST reported smaller-than-expected operating earnings for the second quarter on Thursday, while margins in its key servicing segment improved. Reporting by Greta Rosen Fondahn; Editing by Christian Schmollinger
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Fitch Says Downgrades Intrum To 'CC'

BRIEF-Fitch Says Downgrades Intrum To 'CC' July 17 (Reuters) - FITCH : DOWNGRADES INTRUM TO 'CC' Source text for Eikon: ID:nFIT9Vvyvb Further company coverage: INTRUM.ST
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Intrum signs term sheet for investment deal with Cerberus

Intrum signs term sheet for investment deal with Cerberus COPENHAGEN, July 16 (Reuters) - Swedish debt collector Intrum INTRUM.ST said on Tuesday it had signed a term sheet for an investment deal with Cerberus Capital Management that would allow Intrum to scale its investments without increasing its debt. Intrum, Europe's biggest manager of bad loans, this month completed the sale of a large portion of its investment portfolio to Cerberus and said it would use the net proceeds of 7.2 billion Swe
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Intrum Enters Into Partnership With Cerberus

BRIEF-Intrum Enters Into Partnership With Cerberus July 16 (Reuters) - Intrum AB INTRUM.ST : ENTERS INTO PARTNERSHIP WITH CERBERUS SIGNED A TERM SHEET FOR AN INVESTMENT AGREEMENT WITH AN AFFILIATE OF CERBERUS CAPITAL MANAGEMENT, L.P. FOR FUTURE INVESTMENTS IN NPL PORTFOLIOS OF UNSECURED CONSUMER LOANS AGREEMENT ALLOWS INTRUM TO SCALE UP ITS INVESTM
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Unilever July 15 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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Debt collector Intrum's creditors agree to binding negotiations over refinancing

Debt collector Intrum's creditors agree to binding negotiations over refinancing HELSINKI, July 11 (Reuters) - Intrum INTRUM.ST said on Thursday it had entered a binding lock-up agreement with a group of its creditors, a few weeks after Europe's biggest debt collector lined up a recapitalisation and refinancing deal with bondholders. The Swedish company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with investor conc
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