Finally, after a protracted recapitalisation process, theres movement at Accolade Wines, the countrys second-largest wine group behind Treasury Wine Estates, the company behind the high-profile Penfolds label.
Street Talk can reveal existing lenders for The Carlyle Group-owned wine producer were on Wednesday night presented with a sweeping turnaround plan, under restructuring rules in the United Kingdom. Amphora Group, the company that wholly owns Accolade, is headquartered in London.
Accolade Wines is sitting on a mountain of debt, including a 301 million ($585 million) Term Loan B due in June 2025 and a $150 million revolving credit facility that matures in early June 2024, Bloomberg data…
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