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The Warsaw Voice » Business » September 14, 2018
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Troubled debt collector fights on
September 14, 2018   
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Przemyslaw Dabrowski
Troubled debt collector GetBack continues talks with investors interested in buying shares in the company and sticks to its commitment to present their offers as well as company's current financial data before October 9, CEO Przemyslaw Dabrowski wrote in a letter to bond holders.
"The last element of efforts to work out a rescue plan for GetBack is to continue talks with a group of investors interested in buying shares in the company," Dabrowski wrote. "We are in such a process, and a fully competitive one," he also said, adding that the investors involved are "the biggest European players".
". . . . We do want to present the current financial data concerning the company, the strategy of rebuilding GetBack and offers from investors to October 9, so that the creditors have a full choice and can choose an option that is the best for them," CEO went on to say.
GetBack will continue talks with banks and investment fund houses TFI to offer better terms under its restructuring deal, he assured.
GetBack's creditors meeting was postponed to October 9 by court following a motion from the company. On that day, creditors are supposed to vote in favor of the three restructuring deals that are currently on the table, including an offer to repay 31% of debt to bondholders made by the company's board and a 50.5% repayment proposed by the bondholders curator.
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