![Updated Waterfall Model/Restructuring Options: Takko Faces €590M Maturity Wall in 2023; Full Debt Equitization Unlikely Given €1B Sponsor Equity Investment; Base Case LTV at 72% Excluding LOC, Jumps to 92.5% Including LOC Updated Waterfall Model/Restructuring Options: Takko Faces €590M Maturity Wall in 2023; Full Debt Equitization Unlikely Given €1B Sponsor Equity Investment; Base Case LTV at 72% Excluding LOC, Jumps to 92.5% Including LOC](https://reorg.com/wp-content/uploads/2022/07/EMEA-Core-Credit-62.png)
Updated Waterfall Model/Restructuring Options: Takko Faces €590M Maturity Wall in 2023; Full Debt Equitization Unlikely Given €1B Sponsor Equity Investment; Base Case LTV at 72% Excluding LOC, Jumps to 92.5% Including LOC
![Takko! you know? from TV! (Yes my signature is TaKO it's based off my initials and my nickname) : r/TheAdventureZone Takko! you know? from TV! (Yes my signature is TaKO it's based off my initials and my nickname) : r/TheAdventureZone](https://preview.redd.it/duv1l29zb0q51.jpg?auto=webp&s=d5576a3e3348a1ccc894c68375ee82ca8ee1f811)
Takko! you know? from TV! (Yes my signature is TaKO it's based off my initials and my nickname) : r/TheAdventureZone
![Telgte, Germany. 12th Feb, 2021. An exterior view of a Takko Fashion store in Telgte. (Taken with a long exposure time - zoomed). Takko ModeMarkt GmbH & Co. KG is a textile Telgte, Germany. 12th Feb, 2021. An exterior view of a Takko Fashion store in Telgte. (Taken with a long exposure time - zoomed). Takko ModeMarkt GmbH & Co. KG is a textile](https://c8.alamy.com/comp/2ECKRA4/telgte-germany-12th-feb-2021-an-exterior-view-of-a-takko-fashion-store-in-telgte-taken-with-a-long-exposure-time-zoomed-takko-modemarkt-gmbh-co-kg-is-a-textile-discounter-founded-in-1982-and-headquartered-in-telgte-north-rhine-westphaliato-dpa-fashion-discounter-takko-applies-for-nrw-state-guarantee-credit-guido-kirchnerdpaalamy-live-news-2ECKRA4.jpg)