UPDATE 2-Schaeffler seeks flexibility with jumbo PIK toggle

Newswire

* Schaeffler preps EUR1.5bn-equivalent five-year PIK toggle * Deal will be biggest PIK toggle in either euros or dollars * Bond to give flexibility ahead of larger reorganisation (Adds quotes, more detail) By Robert Smith LONDON, July 17 (IFR) - German car parts supplier Schaeffler is aiming to issue the largest payment-in-kind toggle on record that will give it greater financial flexibility as it eyes a wider reorganisation. ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Jan 18, 2018
video
WardsAuto

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×