Aladdin organises Wind Hellas bondholders committee

Aladdin Capital Management is coordinating the organisation of a bondholder committee, which represents the interests of investors holding approximately €500 million of debt in Greek telecoms company Wind Hellas.

Aladdin is contending that the company’s subordinated debt lies within the value break – the point at which the enterprise value breaks even with debt, measured from the top of the capital structure.

The committee has also appointed Jones Day and PricewaterhouseCoopers as advisors to discuss debt restructuring options with Morgan Stanley, according to a statement released today.