Stellantis supplier CLN seeks 90% writedown on its bank debt
2025-01-23 18:01:00 : (Bloomberg) — Italian auto parts maker CLN-Coils Lamiere Nastri SpA asked bank creditors to write down about 90% of its unsecured loans as it seeks to significantly reduce debt amid the auto industry crisis. Earlier this month, Stellantis NV’s Turin-based supplier sent a restructuring proposal to creditors holding more than 300 million … Read more