Eason enters talks to restructure €44m debt

Eason, the Irish bookseller, has been in negotiations with its lenders in an effort to restructure its €44 million bank debt.

Ian Kehoe - avatar

Ian Kehoe

5th December, 2009

Eason, the Irish bookseller, has been in negotiations with its lenders in an effort to restructure its €44 million bank debt.

The company has hired accountancy firm PricewaterhouseCoopers to spearhead the discussions with its banks, which include Barclays and AIB. The company is coming under mounting pressure to repay loans after breaching a loan covenant.

Eason is attempting to get an extension to the terms of some of its bank debt. As part of the...

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