Inherent Credit Opportunities Master submitted an indicative proposal outlining a potential restructuring to Cazoo Group Ltd (CZOO)
Key Summary: Between March and May 2023, Viking Global Investors, Farallon funds, and later D1 Capital Partners, Inherent Credit Opportunities Master, and Mubadala joined a cooperation agreement with the company to explore potential financing, recapitalization, asset or equity sale, or restructuring. The parties agreed to collaborate in good faith and restricted transfers of their Notes without mutual consent. In May, Inherent and others submitted an indicative restructuring proposal to the board.
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