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  "documentTitle": "European Distressed Credit Watch List",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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  "notes": "The slide provides a snapshot of the company's transition and financial health as of December 2015.",
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      "text": "Net Debt / EBITDA: 1.2x",
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      "kind": "paragraph",
      "text": "- Jun 15 - Change of name from Uralita to Corporacion Empresarial de Materiales de Construccion (COEMAC)\n- Sept 15 - Completion of sale of 90% of the insulation business to a group of creditors led by KKR in return for liberation from corporate guarantees via the Mezzanine Facility Agreement and the Senior Facility Agreement for a total consideration of €320M. The remaining Group comprises the plaster business - Pladur and Algiss and pipelines business Adequa",
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      "text": "Corporacion Empresarial de Materiales de Construccion, S.A. (COEMAC) manufactures and markets construction materials in Spain and internationally. It offers interior solutions, including insulating products and gypsum; and piping systems. The company was formerly known as Uralita, S.A. and changed its name to Corporacion Empresarial de Materiales de Construccion, S.A. in June 2015. The company was founded in 1907 and is headquartered in Madrid, Spain. Corporacion Empresarial de Materiales de Construccion, S.A. operates as a subsidiary of Pool De Activos S.L.U.",
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      "kind": "source-note",
      "text": "Source: Capital IQ, Debtwire, Company website",
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      "text": "Y. CONSTRUCTION – URALITA",
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      "evidence": "The slide provides an overview of Corporacion Empresarial de Materiales de Construccion, S.A. (COEMAC), indicating an understanding of the audience's need for company information.",
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      "evidence": "Aggregate table (p16) followed by 23 same-template issuer cases reads as Evidence A, B, C → pattern.",
      "position": 3,
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