Lowell lenders seek improved terms in debt negotiations
Lenders to British debt collector Lowell are negotiating for better terms in a deal to extend loan maturities and secure new cash from bondholders. This includes banks and investment funds seeking improved conditions. In December, Lowell agreed with some bondholders to extend note maturities by three years and adjust repayment terms. The company is backed by private equity firm Permira and has received support from major investors. The ongoing discussions aim to finalize a consensual transaction, which would extend the maturity of the revolving credit facility to August 2028 while maintaining existing pricing and terms.