Article: Ashurst, Links, Bingham swap Gala Coral's debt for equity.

Article: Lenders absorb Gala Coral debt.(News)
The Journal (Newcastle, England);  October 5, 2009 ;     544 words ... ... The deal could allow Gala Coral, which has been battered ... servicing its pounds 2.6bn debt pile. Such debt-for-equity swaps ... companies saddled with huge debts negotiated to finance ... and weather the storm. Gala Coral, whose brands include ...

Article: Gala Coral clears debt hurdle: a refinancing ...
Leisure Report;  May 1, 2008 ;     700+ words ... ... and chief executive of Gala Coral, have been around the ... effect on the value of Gala Coral, even though it is privately ... because the value of the debt is way lower than the value ... 8bn [pounds sterling] debt burden and release the ...

Article: Gala Coral in deal to write-off ...
The Birmingham Post (England);  October 5, 2009 ;     380 words ... ... restructuring that will see lenders write off pounds 540 million in debt. Gala Coral's private equity owners - Candover, Cinven and Permira - are expected ... having to use all its resources on servicing its pounds 2.6 billion debt pile.

Article: Gala's [pounds sterling]550m plan to avoid a break-up; BIG ...
The Mail on Sunday (London, England);  August 30, 2009 ;     700+ words ... ... SARAH BRIDGE GAMING giant Gala Coral is to try to persuade ... stake to the company's debt-holders in a deal that ... the stake in Gala the debt-holders would demand ... quit the company and Gala Coral might have to be broken ... sterling]40 million debt repayment is due next ...

Article: 300 face the axe at debt-hit Gala Coral ; ...
Evening Standard - London;  June 30, 2009 ;     269 words ...GALA CORAL, the debt-hit betting and bingo group, is to ... firms Candover, Permira and Cinven, Gala Coral is groaning under a Pounds 2.6 billion mountain of debt. Bankers from Lazards are advising the ...

Article: 300 face the axe at debt-hit Gala Coral ; ...
Evening Standard - London;  June 30, 2009 ;     269 words ...GALA CORAL, the debt-hit betting and bingo group, is to ... firms Candover, Permira and Cinven, Gala Coral is groaning under a Pounds 2.6 billion mountain of debt. Bankers from Lazards are advising the ...

Article: Gala Coral betting on stake holders to help pay off ...
Daily Post (Liverpool, England);  August 31, 2009 ;     461 words ...GAMING group Gala Coral is understood to be trying to negotiate a debt-for-equity swap to free up ... which has a pounds 2.7bn debt pile, is reported to be in talks ... their stake in the company to its debt holders, according to a Sunday ...