Australia: KKR-owned logistics player Bis opts for $1b debt-equity swap deal

Australia: KKR-owned logistics player Bis opts for $1b debt-equity swap deal

Logistics in a warehouse.

Bis Industries (Bis), an Australian resource logistics provider owned by US buyout firm KKR, has agreed to a $1 billion debt-for-equity swap with its major lenders meant to pare its debt by around 80 per cent.

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