Reuters - Charterhouse's Vivarte Breaches Loan Terms

French clothing retailer Vivarte, owned by private equity firm Charterhouse, has breached the terms on 3.43 billion euros ($4.51 billion) of loans, writes Reuters. Charterhouse bought Vivarte in 2007 backed by the 3.43 billion euros of loans and in May last year it conducted an amend and extend of its loan facilities, pushing out the maturity of its debt by two years, according to Thomson Reuters LPC data.

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