Cell C lenders vote to take 80% loss on their debt to save company - MyBroadband

Cell C’s secured lenders have voted in favour of a proposal to take a substantial haircut on their debt as part of a plan to recapitalise the mobile operator.

Cell C’s secured lenders, who formerly held publicly listed bonds or notes, have voted in favour of a compromise cash-out offer of 20c for every R1 of debt. The mobile operator said this marks a cri… [+1465 chars]

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