Thursday, October 29, 2009

Concerns over Ladbroke's exposure to Hilton Hotels' $20bn debts

Hilton Hotels has a $20bn debt pile The private equity giant is talking to lenders in an attempt to cut $5bn of debt as part of a complex restructuring which could see it inject as much as $800m of new equity into the business. It comes just two years after the $26bn takeover of the hotel chain, at the height of the leveraged buy-out boom, since when the company’s trading has deteriorated.

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