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Budget hotel chain Travelodge will restructure its debt and not go into bankruptcy, according to its Dubai-based owners. The chain, which is owned by Dubai International Capital, is talking to senior lenders about fundraising today (February 20) after rumours surfaced over the weekend about the chain’s financial future. Its debts are held by, the New York-based pair of, Avenue Capital Group and GoldenTree Asset Management both of which are underwriting a medium-term facility of £60m for Travelodge.....Read more here--: Travelodge denies bankruptcy rumours
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