LetterOne nears Holland & Barrett debt deal
LetterOne, the UK-based investment group founded by sanctions-hit Russian oligarchs, is nearing a deal with lenders behind Holland & Barrett to buy out the £890mn debt used to acquire the high street healthcare retailer.
People close to several large lenders to Holland & Barrett have told the Financial Times that they were preparing to exit following an unusual offer made by LetterOne to buy them out.
Bankers said the offer looked generous given it was pitched at above the price at which the debt had recently traded.
This story originally appeared on: Financial Times - Author:Robert Smith
