Difficulties At Pizza Express?

Reports in today's newspapers suggest that Pizza Express have sought advice about debts reported to have reached £1.1 billion.

The reports indicated that they are looking to refinance two tranches of borrowing to the tune of £665 million. Pizza Express posted a pre-tax loss of £55 million in 2018.

Bloomberg have reported that a group of advisers have been hired to commence talks with creditors and that bondholders have also hired advisers to assist with negotiations.