Kapitaalinjectie bij V&D, banken aa

Kapitaalinjectie bij V&D, banken aan zet
Edwin van der Schoot
AMSTERDAM -
Aandeelhouder Sun Capital gaat door de knieën en stort €40 miljoen bij in de kas van V&D. Dat werd zaterdagmiddag bekend. Gesprekken met banken over de voortzetting van kredieten zijn echter altijd nog niet afgerond.
Sun Capital stelde dinsdagavond nog voor om €20 miljoen bij te storten. De private investeringsmaatschappij stelde zich verder op het standpunt dat iedereen moet inleveren, om het iconische warenhuis te redden.
Zo moet een loonoffer van 5,8% van de 10.000 werknemers €10 miljoen opleveren. Verder eist V&D forse kortingen van zijn huurbazen.
De banken Rabobank, ABN Amro en ING, van wie de laatste de onderhandelingen met Sun Capital leidt, gingen niet akkoord. Zij eisten dat Sun €40 miljoen zou bijstorten, zo blijkt uit correspondentie van de afgelopen dagen tussen de partijen, die is ingezien door De Telegraaf.
Dat heeft Sun dus nu gedaan.
Banken
Daarmee wordt de vraag opgeworpen, of de banken ook een stap zetten, om tot een compromis te komen. Sinds 12 december heeft het trio de kredietlijn van V&D beperkt van €42,5 miljoen, naar €22,5 miljoen, en vorige week vrijdag zelfs naar €9 miljoen.
Verder weigerden de banken tot gisteren om bankgaranties te verstrekken, waardoor V&D vanaf 1 februari - zondag dus - in een lastig parket zit in relatie tot zijn leveranciers.
Reactie
V&D zelf reageerde vanochtend met een verklaring waarin het stelde dat het verhaal gebaseerd op de correspondentie tussen banken en V&D-topman Don Roach dat in de zaterdageditie van De Telegraaf staat onjuistheden bevatte. Zo zegt V&D ook na 31 januari nog over een kredietlijn bij de banken te beschikken. Dat klopt, en nergens in ons verhaal staat ook dat dit niet het geval is.
Zoals gezegd, de banken verschaffen momenteel een kredietlijn van €9 miljoen, over voortzetting daarvan wordt momenteel hard onderhandeld. Ook hier zit een einddatum op, die is alleen niet bekend, ook niet bij deze krant.
Verder stelt V&D dat alle werknemers, ook de parttimers van La Place, hun salaris over januari hebben ontvangen. In een email van afgelopen woensdagavond, wrijft Roach de banken echter aan dat hij deze mensen niet heeft kunnen betalen, vanwege het gebrek aan medewerking van de banken.
Op 11 verdere, gedetailleerde vragen gebaseerd op de correspondentie tussen Sun Capital, Don Roach en de banken wil V&D niet ingaan, net als afgelopen vrijdag overigens.
Blootstelling
Ook geen van de drie leden van het bankentrio wil dat. Wel is duidelijk dat de blootstelling van de banken naast de kredietfaciliteit van €9 miljoen, louter nog bestaat uit een serie leningen die op ruim €8 miljoen uitkomen.
Omdat de bank na de Belastingdienst als een van de eerste schuldeisers aan de beurt komt bij een eventueel faillissement, stelde accountant Deloitte eerder deze maand in een vertrouwelijk rapport dat de banken geen risico's meer lopen.
De pr-firma die is ingehuurd door Sun Capital heeft inmiddels laten weten dat Sun geen commentaar op wat dan ook wil leveren.
Belastingdienst
V&D-topman Don Roach, tevens cfo van Sun Capital, rept in zijn gesprekken met bankiers ook over een deal met de Belastingdienst. Waarschijnlijk wordt hiermee bedoeld, dat er een akkoord is om de btw-afdracht over het vierde kwartaal later te voldoen. Dat zou anders in dit weekend moeten.

結果 (英文) 1:

Capital injection at V & D, banks to putEdwin van der SchootAMSTERDAM- Shareholder Sun Capital goes by the knees and pour out € 40 million in the coffers of V & D That Saturday afternoon was known. Talks with banks on the continuation of credits are still not finalized.Sun Capital suggested Tuesday evening for € 20 million to collapse. The private investment company presented itself further on the position that everyone should drop off, to save the iconic department store.So a wage offer of 5.8% of the 10,000 employees produce 10 million €. Further discounts are V & D demands hefty rent bosses.The banks Rabobank, ABN Amro and ING, of whom the last negotiations with Sun Capital leads, did not agree. They demanded that Sun would transfer an extra € 40 million, according to correspondence of the past few days between the parties, which is realised by the Telegraph.That has Sun so now done.BanksThis raised the question, whether the banks also a step, to reach a compromise. Since 12 december, the trio the credit line of € 42.5 million of V & D limited, to € 22.5 million, and even to € 9 million last Friday.Furthermore, the banks refused to provide bank guarantees, which until yesterday to V & D from 1 February-Sunday so-in a difficult situation is in relation to its suppliers.ReactionV & D itself reacted this morning with a statement in which it stated that the story based on the correspondence between banks and V & D Chief Don Roach that in the Saturday edition of the Telegraph is contained inaccuracies. So says V & D also after January 31, still about a line of credit from banks to have. That's right, and nowhere in our story also States that this is not the case.As mentioned, the banks currently provide a credit line of € 9 million, about continuation is currently negotiated hard. Also here is an ending date, which is not only known, even in this newspaper.V & D proposes that all workers, including the part-timers of La Place, have received their salaries over January. In an email from last Wednesday evening, however, the banks that he rubs Roach has been unable to pay these people, because of the lack of cooperation from the banks.On 11 further, detailed questions based on the correspondence between Sun Capital, Don Roach and the banks would not go into V & D just like last Friday by the way.ExposureAlso none of the three members of the banking trio wants that. What is clear is that the exposure of the banks next to the credit facility of € 9 million, merely still consists of a series of loans that at over € 8 million come true.Because the bank after the IRS as one of the first creditors to the turn comes in the event of bankruptcy, suggested accountant Deloitte earlier this month in a confidential report that the banks not to risk more walk away.The pr firm that has been hired by Sun Capital has since let it be known that Sun wants to make no comment on anything.Tax OfficeV & D Chief Don Roach, also cfo of Sun Capital, also refers in his conversations with bankers about a deal with the tax authorities. Probably mean, that an agreement has been reached to the VAT compliance for the fourth quarter to meet later. That would be different in this weekend must.

結果 (英文) 2:

Capital injection at Debenhams, banks put
Edwin van der Schoot
AMSTERDAM -
Shareholder Sun Capital goes through the knees and poured € 40 million into the coffers of V & D. This was announced Saturday. Discussions with banks about continuing appropriations but still have not been completed.
Sun Capital suggested Tuesday for to deposit at € 20 million. The private equity firm took further the view that everyone must return to save the iconic department store.
So should yield a pay cut of 5.8% of the 10,000 employees € 10 million. Further demands V & D hefty rebates are landlords.
The banks, Rabobank, ABN Amro and ING, who leads the final negotiations with Sun Capital, disagreed. They demanded that Sun € 40 million would make additional investments, according to correspondence from the past few days between the parties, which has been recognized by The Telegraph.
This has Sun so now done.
Banks
Thus, the question is raised whether the banks also take a step , to come to a compromise. Since 12 December, the trio has limited the credit line of V & D of € 42.5 million to € 22.5 million, and last Friday even to € 9 million.
In addition, the banks refused until yesterday to provide bank guarantees, thus V & D from 1 february - Sunday so - in a difficult situation is in relation to its suppliers.
Reaction
V & D itself responded this morning with a statement alleging that the story is based on the correspondence between banks and V & D CEO Don Roach that stands in the Saturday edition of The Telegraph contained inaccuracies. As V & D also says after 31 January to still have a line of credit from banks. That's right, and nowhere in our story also says that this is not the case.
As mentioned, the banks currently provide a credit line of € 9 million, about continuing it is currently being negotiated hard. Again, there is a deadline, which is not only known, even in this newspaper.
V & D also proposes that all employees, including part-timers of La Place, have received their salaries for January. In an email from last Wednesday, however, Roach rubs the banks that he can not pay these people, because of the lack of cooperation from the banks.
On 11 further detailed questions based on the correspondence between Sun Capital, Don Roach and banks V & D will not go, like last Friday though.
Exposure
Also, none of the three members of the banking trio wants. What is clear is that the exposure of the banks in addition to the credit facility of € 9 million, yet merely consists of a series of loans that reach more than € 8 million.
Since the bank after the tax authorities as one of the first creditor gets their turn at a any bankruptcy, suggested auditor Deloitte earlier this month in a confidential report that banks no risks walk.
The public relations firm hired by Sun Capital has let know by now that Sun no comment on anything else wants to.
Tax
V & D CEO Don Roach, also CFO of Sun Capital, untouched in his talks with bankers on a deal with the tax authorities. Probably this meant that there was an agreement to pay the VAT payment for the fourth quarter later. It should be otherwise in this weekend.

結果 (英文) 3:

Capital injection by V&D, banks to tighten
Edwin van der Schoot
AMSTERDAM -
Shareholder Sun Capital goes through the knees and pay $40 million to the treasury of V&D. That was saturday afternoon. Conversations with banks on the continuation of appropriations are, however, still not finished.
Sun Capital, on Tuesday evening to $20 million to collapse.The private investment company stated the position that everyone must sacrifice, to save the iconic department store.
As a loonoffer of 5.8% of the 10,000 employees $10 million. Further substantial reductions of its huurbazen V&D requires.
The banks Rabobank, ABN Amro, ING, of whom the last negotiations with Sun Capital, did not agree.They demanded Sun $40 million bijstorten would, as it is clear from correspondence of the last few days between the parties, which is recognized by The Telegraph.
that Sun has now done so.
Banks
Thus, the question is raised, or the banks also take a step, to come to a compromise. Since december 12, the trio the credit line of V&D limited of $42.5 million, to $22.5 million,Friday of last week and even to $9 million.
Further refused yesterday to the banks to provide bank guarantees, which V&D from 1 February - sunday so - in a difficult position in relation to its suppliers.
Response
This morning V&D itself responded with a statement in which it stated that the story based on the correspondence between banks and V&D-seeing Don Roach in the zaterdageditie of The Telegraph is contained inaccuracies. So says V&D also after 31 january still on a credit line to the banks. That is true, and nowhere in our story is also that this is not the case.
As said,The banks currently provide a credit line of $9 million, for the continuation of negotiations is currently hard. Also here is an end date, which is not only known, not even in this newspaper.
V&D also proposes that all workers, including the atypical work of La Place, their remuneration for january have received. In an email from last wednesday evening,Roach rubs the banks, however, that he was not able to pay these people, because of the lack of cooperation of the banks.
11 further, detailed questions based on the correspondence between Sun Capital, Don Roach and the banks would not V&D comment, as last friday also.
Exposure
Also none of the three members of the bankentrio wants it.It is clear that the exposure of the banks in addition to the credit facility of $9 million, purely still consists of a series of loans that come out over $8 million.
because the bank after the Tax Administration if one of the first creditors to in the event of the bankruptcy,Proposed auditor Deloitte earlier this month in a confidential report that the banks are not risks more walk.
The pr-firm hired by Sun Capital has now informed that Sun does not comment on what it wants to deliver.
Tax Administration
V&D-seeing Don Roach, also cfo of Sun Capital, mention in his conversations with bankers also has a deal with the Tax Administration.This is likely to be provided for, that there is an agreement to the vat contribution on the fourth quarter to meet later. It would be different in this weekend.