27 Oct 2025 | 5 Mins Read
Creditors seize control of telecoms company Netceed
Flipitmoney
Lenders Pemberton, Blue Owl Capital, and Hayfin Capital are taking over telecoms supplier Netceed through a €70 million debt-for-equity swap, writing off some debt for ownership stakes, and providing the company a cash buffer. This is one of the largest debt-for-equity swaps for European private credit lenders, with over $1 billion in term loans at Netceed.