Tag Archives: Grupo Codere

Creditors extend Codere debt restructure until end of 2015

Spanish embattled gambling operator Grupo Codere has been given until the end of 2015 (official date 31 December) to restructure its €1.1 billion (£815 million) debt by its creditors. The conformation of its debt extension, follows the announcement of a 25% increase in H2 2015 revenues to €408 million, following a marked recovery in the South American gambling markets of …

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Codere restructures European senior management

Spain’s Grupo Codere has announced the senior managerial appointments of Alejandro Pascual as European Chief Operations Officer and Jose Antonio Gonzalez Lainez as Chief of Spanish Operations. Pascual will lead Codere European operations, having previously served as Chief Operating Officer of Codere Italia. He has held senior managerial positions at Codere since 2000 when he joined the gambling group a …

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Grupo Codere restructures debt with creditors & shareholders

Embattled Spanish gambling operator Grupo Codere has reached a financing agreement  with shareholders and creditors that will see a restructuring arrangement for its €1.1 billion  (£850 million) debt. Spanish business news source stated that bondholder had taken control of Codere operations and assets, making it feasible for the operator to reach new financing terms. The deal was reached with 80.2% …

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