Eircom lenders have prepared takeover bid

Eircom's senior lenders have prepared details of a bid for the company, if they are not satisfied with a proposal from the telecommunications company's current owner, Singapore company STT.

30th November, 2011
Eircom lenders have prepared takeover bid
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Eircom's senior lenders have prepared details of a bid for the company, if they are not satisfied with a proposal from the telecommunications company's current owner, Singapore company STT.

The so-called first lien creditors, who are owed €2.7 billion, have prepared a plan involving a debt for equity swap, ahead of Friday's deadline for the submission of bids, reliable sources have told Businesspost.ie

STT and the company's Employee Share Ownership Trust have been considering...

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