File: Details of the the long-awaited PwC report into irregularities at scandal-hit retail giant Steinhoff are out.
JOHANNESBURG - A Steinhoff creditor is challenging the company’s plans to restructure its convertible debt into a new secured loan.
The company said on Thursday that the challenge was brought by German auditing company LSW GmbH. No reasons were given for the challenge.
Steinhoff is in the middle of cleaning up its balance sheet after being rocked by a multibillion-rand scandal over a year ago.
Steinhoff wants to restructure three series of equity-linked bonds into a new secured loan.