TechFinancial Postabout 3 hours ago
Germany's Schuldschein Debt Loses Safe Haven Status
1 min read
Schuldschein debt, a niche financing tool for German Mittelstand companies, is losing its safe-haven reputation. Creditors must reach unanimous agreement to modify terms, with no central coordinator. This creates chaos during restructurings, as seen with KTM AG, where over 100 disparate lenders forced improved terms through collective pressure.
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