Hedge Funds Move Closer to Struggling Brighthouse

(Telegraph) Britain’s largest rent-to-own retailer Brighthouse could soon be parting from its private equity owner as a consortium of bondholders gets closer to tabling a deal. The chain, which rents out household items such as fridges and vacuum cleaners through its 280 shops, is under increasing pressure to refinance $220m of bonds that are due next year.

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