APCOA Parking Group has won the time it says is required to reduce its debts following a High Court ruling in London last month.
On 14 April the High Court of Justice Chancery Division sanctioned a “Schemes of Arrangement” between the APCOA Parking Group and its lenders in order to extend the group’s debt maturity by a minimum of three months to 25 July 2014. Creditors’ votes by value in support of the schemes reached between 86.9% and 100% of the relevant outstanding...
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