Codere Luxembourg will not get funds for June 15 euro bond payment

By Caroline Salls

Pittsburgh, June 12 – Codere SA agreed not to provide Codere Finance Luxembourg (SA) with the funds necessary to satisfy the coupon payment on its euro bond maturing in 2015, meaning a June 15 interest payment will not be made, according to a news release.

The company said that negotiations geared toward a debt restructuring agreement are advancing.

Codere is a Madrid-based gaming company.

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