{
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  "documentTitle": "European Distressed Credit Watch List",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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  "notes": "Includes detailed debt breakdown and historical financial metrics.",
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      "text": "Net Debt: 1,392",
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      "kind": "paragraph",
      "text": "Fraikin SA provides contract hire of industrial and commercial vehicles in Europe. The company offers cars, trucks, vans, refrigerated, semi-trailer and other hydraulic vehicles for hire.",
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      "text": "Mar 16 - Fraikin secured an extension of its Securitisation program to December 2021 and the expansion of the size of the program to EUR1.2bn. Lenders under this facility are Credit Agricole CIB, Natixis, Lloyds, BNP Paribas, Banco Santander and ING",
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      "kind": "source-note",
      "text": "Source: Capital IQ, Debtwire, Company website",
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      "text": "Financial Summary table showing Revenue, EBITDA, and coverage ratios from Dec-12 to LTM Aug-15.",
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      "text": "Capital Structure table showing Securitisation, OpCo Bond, Bilateral Leasing, Senior HoldCo, Mezzanine, Accrued interest, Total Debt, Cash, Net Debt, and ratios.",
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      "kind": "title",
      "text": "G. TRANSPORTATION – FRAIKIN SA",
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