{"id":218,"date":"2024-06-19T13:11:21","date_gmt":"2024-06-19T10:11:21","guid":{"rendered":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/"},"modified":"2024-06-20T17:06:14","modified_gmt":"2024-06-20T14:06:14","slug":"codere-on-track-to-finalize-debt-restructuring-by-november","status":"publish","type":"post","link":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/","title":{"rendered":"Codere on Track to Finalize Debt Restructuring by November"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/nK-1dPWL1Kg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Iberian gaming firm, Codere, is progressing towards the completion of its debt restructuring strategy by November 5th, transferring ownership to its lenders. <\/p>\n<p>Initially presented in April, the strategy aims to prevent the business from insolvency by shifting control to its debtors, an action that would have led to the dissolution of its parent entity, Codere SA.<\/p>\n<p>A fresh holding corporation will be formed, with debtors possessing a 95% share, while current stakeholders will maintain the remaining 5%.<\/p>\n<p>Through the debt-for-equity exchange, bondholders will acquire newly issued notes and have until October 18th to approve the agreement.<\/p>\n<p>In total, the agreement will impact securities dealings amounting to \u20ac1.15 billion ($1.3 billion).<\/p>\n<p>Codere emphasized that the agreement was essential for sustaining the company until all its locations could resume operations and received shareholder endorsement in a vote conducted in May. <\/p>\n<p>The agreement provided the company with a cash infusion of \u20ac225 million, with \u20ac30 million disbursed immediately and \u20ac70 million disbursed before the end of May.<\/p>\n<p>The remaining \u20ac125 million will be supplied closer to the conclusion of the restructuring procedure.<\/p>\n<p>The company has faced challenges recently, with its stock value plummeting to \u20ac0.89 after announcing its entry into administration, partly attributed to a 57.2% decline in revenue in March due to Covid-19 closures.<\/p>\n<p>This recent progress indicates that the company&#8217;s restructuring is advancing as originally planned. <\/p>\n<p>At the beginning of the year, Codiller projected a finalization of the agreement by the early part of the last quarter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Iberian gaming firm, Codere, is progressing towards the completion of its debt restructuring strategy by November 5th, transferring ownership to its lenders. Initially presented in April, the strategy aims&hellip;<\/p>\n","protected":false},"author":48,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Codere<\/title>\n<meta name=\"description\" content=\"Will Codere succeed in its high-stakes gamble to restructure its debt by November 5th? The Spanish gaming giant is transferring ownership to lenders to avoid insolvency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Codere on Track to Finalize Debt Restructuring by November\" \/>\n<meta property=\"og:description\" content=\"Will Codere succeed in its high-stakes gamble to restructure its debt by November 5th? The Spanish gaming giant is transferring ownership to lenders to avoid insolvency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Enthusiasts Find Their Winning Stride | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T10:11:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:06:14+00:00\" \/>\n<meta name=\"author\" content=\"Aiden &quot;Ace&quot; Cruz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aiden &quot;Ace&quot; Cruz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/\",\"name\":\"Codere\",\"isPartOf\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-19T10:11:21+00:00\",\"dateModified\":\"2024-06-20T14:06:14+00:00\",\"author\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/9a2e6cf1e3ec0f1a46e5a871661ebdf2\"},\"description\":\"Will Codere succeed in its high-stakes gamble to restructure its debt by November 5th? The Spanish gaming giant is transferring ownership to lenders to avoid insolvency.\",\"breadcrumb\":{\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Codere on Track to Finalize Debt Restructuring by November\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/\",\"name\":\"Where Casino Enthusiasts Find Their Winning Stride | Licensed\",\"description\":\"Stay on top of the online gambling world through our regularly updated news, in-depth reviews, and informative insights. Our licensed casino is your gateway to thrilling entertainment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/9a2e6cf1e3ec0f1a46e5a871661ebdf2\",\"name\":\"Aiden \\\"Ace\\\" Cruz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-content\/uploads\/sites\/52\/2024\/06\/woman-avatar-96x96.png\",\"contentUrl\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-content\/uploads\/sites\/52\/2024\/06\/woman-avatar-96x96.png\",\"caption\":\"Aiden \\\"Ace\\\" Cruz\"},\"description\":\"Holding a Bachelor's degree in Statistics and a Master's in Anthropology, this skilled author has a passion for using data analysis and ethnographic research methods to understand the social and cultural dimensions of gambling behavior. They have expertise in survey design, participant observation, and statistical inference, which they apply to the study of the rituals, beliefs, and practices associated with gambling in different cultural contexts. Their articles and news pieces provide readers with a cross-cultural perspective on the casino industry and the strategies used to promote cultural sensitivity and social responsibility.\",\"url\":\"https:\/\/dreamscasinonodepositbonuscodes.icu\/author\/ewvdsa132452453dgs\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Codere","description":"Will Codere succeed in its high-stakes gamble to restructure its debt by November 5th? The Spanish gaming giant is transferring ownership to lenders to avoid insolvency.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/","og_locale":"en_GB","og_type":"article","og_title":"Codere on Track to Finalize Debt Restructuring by November","og_description":"Will Codere succeed in its high-stakes gamble to restructure its debt by November 5th? The Spanish gaming giant is transferring ownership to lenders to avoid insolvency.","og_url":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/","og_site_name":"Where Casino Enthusiasts Find Their Winning Stride | Licensed","article_published_time":"2024-06-19T10:11:21+00:00","article_modified_time":"2024-06-20T14:06:14+00:00","author":"Aiden \"Ace\" Cruz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aiden \"Ace\" Cruz","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/","url":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/","name":"Codere","isPartOf":{"@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website"},"datePublished":"2024-06-19T10:11:21+00:00","dateModified":"2024-06-20T14:06:14+00:00","author":{"@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/9a2e6cf1e3ec0f1a46e5a871661ebdf2"},"description":"Will Codere succeed in its high-stakes gamble to restructure its debt by November 5th? The Spanish gaming giant is transferring ownership to lenders to avoid insolvency.","breadcrumb":{"@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/19\/codere-on-track-to-finalize-debt-restructuring-by-november\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/dreamscasinonodepositbonuscodes.icu\/"},{"@type":"ListItem","position":2,"name":"Codere on Track to Finalize Debt Restructuring by November"}]},{"@type":"WebSite","@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/#website","url":"https:\/\/dreamscasinonodepositbonuscodes.icu\/","name":"Where Casino Enthusiasts Find Their Winning Stride | Licensed","description":"Stay on top of the online gambling world through our regularly updated news, in-depth reviews, and informative insights. Our licensed casino is your gateway to thrilling entertainment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dreamscasinonodepositbonuscodes.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/9a2e6cf1e3ec0f1a46e5a871661ebdf2","name":"Aiden \"Ace\" Cruz","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/dreamscasinonodepositbonuscodes.icu\/#\/schema\/person\/image\/","url":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-content\/uploads\/sites\/52\/2024\/06\/woman-avatar-96x96.png","contentUrl":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-content\/uploads\/sites\/52\/2024\/06\/woman-avatar-96x96.png","caption":"Aiden \"Ace\" Cruz"},"description":"Holding a Bachelor's degree in Statistics and a Master's in Anthropology, this skilled author has a passion for using data analysis and ethnographic research methods to understand the social and cultural dimensions of gambling behavior. They have expertise in survey design, participant observation, and statistical inference, which they apply to the study of the rituals, beliefs, and practices associated with gambling in different cultural contexts. Their articles and news pieces provide readers with a cross-cultural perspective on the casino industry and the strategies used to promote cultural sensitivity and social responsibility.","url":"https:\/\/dreamscasinonodepositbonuscodes.icu\/author\/ewvdsa132452453dgs\/"}]}},"_links":{"self":[{"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/218"}],"collection":[{"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/comments?post=218"}],"version-history":[{"count":1,"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/218\/revisions"}],"predecessor-version":[{"id":221,"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/218\/revisions\/221"}],"wp:attachment":[{"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/media?parent=218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/categories?post=218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dreamscasinonodepositbonuscodes.icu\/wp-json\/wp\/v2\/tags?post=218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}