Tag Archives: Bank of America

Embattled Codere edges towards bankruptcy 

Bolsa Madrid observers are monitoring Codere SA movements closely after Spanish business news sources reported that the gambling group is on the ‘precipice of bankruptcy’. Burning a reported €25 million a month on working capital (excluding debt repayments), Codere has been looking for urgent funds to keep its business units afloat.  Global Coronavirus disruptions have forced Codere to shut down …

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Codere fights for survival as debt bonds are classified to junk status

Codere SA is reported to be fighting for its survival, seeking new investment options to refinance its long-standing €900 million corporate debt bonds. Spanish business news source El Confidencial has reported that the Spanish gambling group has sanctioned Bank of America to lead renegotiations with bondholders for a further two-year extension on debt maturity terms which are set to expire in 2021. …

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Callcredit promotes Tierney to MD of Credit Solutions division

Callcredit Information Group has announced the appointment of Eamonn Tierney to the role of Managing Director of its Credit Solutions division. The Managing Director role is the latest appointment to the executive team as the company drives its strategic priority to double revenue and profitability. Tierney’s core focus will be to ensure that Callcredit remains dedicated to its customers and …

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