Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Dia staves off insolvency filing as refinancing closes

By Kyriaki Karadelis

19 July 2019

Dia staves off insolvency filing as refinancing closes iStock.com/LuxBlue

Spanish supermarket chain Dia has finally closed a refinancing deal with its principal shareholder and a syndicate of lenders, staving off an insolvency filing just days after it extended the deal’s long-stop date.