on LR Health & Beauty SE (isin : NO0013149658)
LR Health & Beauty SE Faces Financial Challenges Amid Leverage Covenant Breach
LR Health & Beauty SE has reported a breach of its leverage covenant, spotlighting financial challenges. The company failed to sustain the required net debt to EBITDA ratio of 4.50:1 by September 30, 2025. This prompted discussions with bondholders concerning the 2024/2028 bonds.
In response, LR Health & Beauty SE has initiated standstill negotiations with an ad hoc group of bondholders. This aims to defer interest payments and prevent bondholders from exercising rights due to the covenant breach. This pause is intended to give the company time to assess and strategize a financial recovery plan.
Furthermore, the board has decided to appoint a reputable firm to craft a restructuring opinion. The goal is to identify measures to improve the company’s capital structure and financial health.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all LR Health & Beauty SE news