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Rekeep (MANTEN Secured; B3 Neg/B Neg) Moody's to outlook neg(private)

CONSUMER CYCLICALS
  • Moody's notes that though asset sales have been tabled for deleveraging they remain uncertain and in the mean-time FCF expected to be negative.
  • €75m '25 senior revolver and the €370m secured 26s are the upcoming maturities. 26s trade at €92/13.4%.

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