Stead & Simpson Maps Out Its Recovery

Through a refinancing deal, Stead & Simpson will have £10 million (€14.6m-$20.0m) of its debt turned into equity by HBOS, the bank with which the British retailer broke its covenants last January. An additional £12 million (€17.5m-$23.8m) will be written off, and another £8 million (€11.7m-$15.9m) will be invested into ...

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