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Preem (B) Case Solution & Answer

Creditors and owners Preem concluded an agreement with a 18-month extension of debt maturities and capital injection minor in 2009. Now in 2010, the new deadline is next, and refinancing remains unlikely. This time, all business debts maturing. What went wrong in the first PCP restructuring and what should be done to provide a more permanent solution?
by
Bo Becker
Source: Harvard Business School
7 pages.
Date Posted: August 22, 2012. Prod #: 213014-PDF-ENG
Preem (B) Case Solution

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