Swedish debt collector Intrum AB has reached an agreement with a majority of its bondholders to address its EUR 5.4bn (USD 5.8bn) debt pile, including a forced loss on credit investors and pushing out the notes’ maturities. 

As part of the deal, the company’s existing unsecured notes will be exchanged into four series of new bonds with maturities between 2027 and 2030, but only at 90% of their original value, according to a statement on Thursday. 

In exchange for the haircut,…