Godiva Japan Inc. is in discussions with its lenders to extend the repayment deadline on leveraged buyout financing, according to people familiar with the matter and other sources. The company is negotiating with its banking syndicate as it continues to struggle in Japan, its largest market in Asia.\n\nBoth reports cite the same loan amount, saying Godiva Japan owes roughly ¥75 billion (about $464 million). The repayment is currently set for the end of this month, prompting the discussions on an extension.\n\nGodiva Japan was taken over in 2019 by MBK Partners, an Asian private equity firm. The reports do not provide details on the terms being requested, the likelihood of approval, or alternative financing. They also do not specify whether any operational or financial conditions are being attached to the potential extension. The information comes from sources and is not accompanied by an official company statement in the provided excerpts.
Godiva Japan seeks extension on $464 million LBO loan repayment deadline
Godiva Japan Inc. is in discussions with its lenders to extend the repayment deadline on leveraged buyout financing, according to people familiar with the matter and other sources. The company is nego...
- Godiva Japan is negotiating with its banking syndicate to extend the repayment deadline on an LBO loan.
- The loan amount is about ¥75 billion (about $464 million).
- The repayment deadline is set for the end of this month.
- Godiva Japan was acquired by MBK Partners in 2019.
- The reports attribute the information to people familiar with the discussions or informed sources.
Godiva Japan, which was taken over by Asian private equity fund MBK Partners in 2019, owes about ¥75 billion ($464 million) by the end of this month, according to informed sources.
2 months agoGodiva Japan Inc. is in talks with its banking syndicate to extend the repayment deadline on leveraged buyout financing as the chocolate maker struggles in the major Asian market, according to people familiar with the matter.
2 months ago
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