Europcar Announces Debt Restructuring Talks
Europcar Mobility Group said in a press announcement on Tuesday it intends to begin talks with corporate debt creditors to restructure its debt. The talks look to ensure sufficient financial resources to enable Europcar to adapt to the new travel environment, in which Covid-19 “has profoundly reshaped mobility ecosystems.” Europcar’s objective is to ensure a sustainable capital structure adapted to its level of revenue, with reduced corporate indebtedness and appropriate liquidity, the...