Jurys completes £120 million debt buyback

23rd December, 2014

Budget hotel chain Jurys Inn has completed a buyback of its legacy Anglo debt, The Sunday Business Post understands.

The debt, which has a face value of £120 million, was originally auctioned as part of a major debt sell off by IBRC’s special liquidators last year. However, the loans, bundled as part of a €2.5 billion debt book sale called Project Evergreen, failed to sell at that point. Having been reauctioned, Jurys Inn management then...

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