+------------------------------------------------------------------------------+
Codere Control May Pass to Creditors, El Confidencial Reports 2013-12-31 07:39:48.347 GMT
By Sharon Smyth Dec. 31 (Bloomberg) -- Controlling shareholders Martinez Sampedro family considering agreement to capitalize EU1.1b of debt via a capital increase, El Confidencial reports. * Accord would hand creditors 85% of company, Confidencial says * Codere cannot repay EU135m credit line to Canyon Capital Finance Sarl and CSO Capital Partners LP, Confidencial says * Sampedro family to retain 15% of shares, continue to manage Codere, Confidencial says * Confidencial cites unidentified people in financial industry it didn’t identify. * Nobody at Codere was immediately available to comment when the company was contacted by telephone today. NOTE: Link to story {http://tinyurl.com/pnybnmb}
Link to Company News:{CDR SM <Equity> CN <GO>} Link to Company News:{BX US <Equity> CN <GO>} Link to Company News:{2308110Z US <Equity> CN <GO>}
For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story: Sharon Smyth at +34-91-700-9601 or ssmyth2@bloomberg.net