Italian Coffee Machine Maker Eyes Debt Deal With Banks, Owners.

COFFEEPOTS; DEBT; PRIVATE equity funds; RUSSIAN invasion of Ukraine, 2022-; INVESTORS; DEBT relief

Italian coffee machine maker Caffitaly SpA is in talks with its lenders and shareholders to negotiate a debt restructuring deal. The company has been seeking external capital but has not received suitable offers. The proposed deal would involve financial support from shareholders and banks converting a portion of their exposure into equity-like instruments to reduce the debt burden. Caffitaly has over €150 million in bank loans, including a €130 million facility due in October. The company has faced challenges in recent years, including increased raw material costs and competition in Italy. [Extracted from the article]

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