KKR strikes deal to restructure ATU - Reuters

Private equity group KKR has struck a deal to restructure the debt of loss-making car repair chain Auto-Teile Unger, writes Reuters. KKR and ATU's management have agreed on the main points of a debt-for-equity swap with the repair firm's main creditors, credit investment groups Centerbridge and Babson Capital as well as funds managed by Goldman Sachs, writes Reuters.

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