Reported 4 days ago
A U.S. bankruptcy judge has approved Sweden's Intrum AB's debt restructuring plan despite some creditor opposition. Judge Christopher Lopez emphasized that the filing was made in good faith, recognizing the company's financial distress. With over $3.5 billion in creditor support, only a small fraction objected to the plan, which aims to help Intrum manage its significant debt following rising interest rates.
Source: YAHOO