Some of the country's biggest shopping centres could be forced to shut unless owner Intu avoids administration by reaching a deal with lenders over a £4.5bn debt timebomb. The firm – which runs 17 sites including the Trafford Centre in Manchester and the Lakeside in Essex – has warned it faces disaster without a standstill deal on loan repayments as income from rents dries up during the coronavirus crisis. Simon Thomas, partner in Goodwin's Financial Restructuring practice shares how the capital and security structure adds to the challenge. Read the article in The Telegraph here.
In The Press June 23, 2020