Terreal Signs Lender-led Restructuring

Park Square Capital, an independent provider of credit products in Europe, has signed a lender-led restructuring of Terreal Group. The business is a French manufacturer of clay building materials. At the completion of the restructuring, Terreal’s lenders will convert a significant portion of its debt into equity and become the sole shareholders of Terreal, with Park Square emerging as the largest institutional shareholder.

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