Pizza Express lining up for painful debt restructuring

Lenders expected to be bruised while fears for chain’s immediate health played downPizza Express appears destined for a debt restructuring that could bruise its lenders, as sources with knowledge of the situation played down concerns it was in serious financial difficulty.The pizza chain is reportedly in early talks to refinance two tranches of borrowing worth a combined £665m, part of a debt pile that had reached £1.1bn by the end of December 2018. Continue reading...