Debt Collector Intrum Says It Has Cash to Pay Looming Maturities
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One of Europe’s biggest debt collectors, Intrum AB, said talks with creditors will kick off in the coming weeks as it seeks to manage its debt burden.
The firm has sufficient liquidity to pay almost all of its debt maturing this year and next, Chief Executive Officer Andres Rubio told investors on a call Monday. At the same time, he doesn’t plan to run the firm’s cash down to zero.