Creditor Pacts Face First Legal Test in Suit Against Selecta

A group of lenders to Selecta is suing the vending machine company and some of its bondholders — Strategic Value Partners, Invesco, Man Group and Diameter — in the first...

By Giulia Morpurgo · Bloomberg Markets

A group of lenders to Selecta is suing the vending machine company and some of its bondholders — Strategic Value Partners, Invesco, Man Group and Diameter — in the first legal challenge to the kind of creditor pacts gaining traction in distressed debt negotiations.