Latest news with #Nitrogenmuvek
Bloomberg
13-05-2025
- Business
- Bloomberg
Nitrogenmuvek in Last-Ditch Talks to Avert Default on Euro Bond
Nitrogenmuvek, Hungary's cash-strapped fertilizer maker, is locked in 'very active' negotiations with creditors to extend the maturity of a €200 million ($222 million) bond that's due in a day, Chief Strategy Officer Zoltan Bige said. While Nitrogenmuvek paid its last coupon this week, it's not in a position to repay the principal, Bige told Bloomberg News in an interview on Tuesday. Some of the company's financial constraints can be blamed on a discriminatory and 'unmanageable' Hungarian tax it's contesting in court, he said.
Bloomberg
26-04-2025
- Business
- Bloomberg
Rite Aid Is Set to Burn Lenders Who Bailed the Firm Out
Newsletter The Brink The drug store's creditors face steep losses from a second bankruptcy filing. Welcome to The Brink. It's Irene Garcia Perez and Reshmi Basi in New York, and Eliza Ronalds-Hannon in Atlanta, where we've been tracking Rite Aid's slide into a second bankruptcy. We also have updates on Weight Watchers, Nio and Nitrogenmuvek. Follow this link to subscribe. Send us feedback and tips at debtnews@ Rite Aid 's most senior creditors face steep losses from a second bankruptcy filing, just months after the drug store's own projections showed they would have been fully repaid if it had been liquidated instead of restructured.
Bloomberg
23-04-2025
- Business
- Bloomberg
Hungarian Fertilizer Tycoon Digs In as Creditor Spat Deepens
Laszlo Bige, the owner of Hungarian fertilizer maker Nitrogenmuvek Zrt, ruled out using tangible assets as collateral in a standoff with creditors over extending a looming maturity date for its bonds. Talks between Nitrogenmuvek and holders of around 70% of the €200 million ($228 million) of bonds due in mid-May concluded last week with no deal. The creditor group had asked for tangible assets to be posted as collateral, as well as some sort of contribution from shareholders as part of the refinancing, Bloomberg reported.
