Finance
Intrum seeks settlement with creditors opposing Chapter 11 plan
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Intrum, Europe's largest debt collector, seeks a settlement with creditors opposing its Chapter 11 restructuring plan to manage its $4.53 billion debt.
OSLO (Reuters) - Sweden's Intrum, Europe's biggest debt collector, on Tuesday said it was seeking a settlement with creditors who object to the company's debt restructuring plan.
Intrum last month filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt, which reached 49.4 billion Swedish crowns ($4.53 billion) at the end of September.
Some creditors, collectively known as the 2025 Ad Hoc Group, have objected to the plan for a so-called pre-packaged Chapter 11 restructuring, jeopardising the scheme.
If an agreement is found, the 2025 Ad Hoc Group would withdraw its challenges to the plan and support transactions to recapitalise the company, Intrum said in a statement without elaborating.
($1 = 10.9104 Swedish crowns)
(Reporting by Terje Solsvik, editing by Essi Lehto)
The main topic is Intrum's efforts to settle with creditors opposing its Chapter 11 restructuring plan.
Intrum filed for Chapter 11 to restructure its significant debt of 49.4 billion Swedish crowns.
The 2025 Ad Hoc Group, a collective of creditors, opposes the restructuring plan.
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