Billionaire Ratcliffe Faces a Refinancing Quandary as Ineos Falls Into Distress
Chemical maker Ineos has a bond due in little more than a year and its borrowing costs are soaring
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Welcome to The Brink. We’re Abhinav Ramnarayan and Giulia Morpurgo, reporters in London, watching how football owner Jim Ratcliffe will address troubles at his chemicals company that’s been relegated to the distressed debt zone. We also have news on steps by banks to distance themselves from losses on commercial property loans. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Sir Jim Ratcliffe, flush from a victory last weekend by his football team Manchester United, has a more pressing but less glamorous job ahead: stabilizing his shaky chemicals company.