Invesco and Franklin Templeton set to take majority of Konecta by swapping €1.2 billion of debt for equity

FinanceInternationalEl ConfidencialOct 27, 2026, 11:00 PM35 s readAI summary

Konecta's main creditors, Spain's largest call center group, have proposed swapping all of its debt, around €1.2 billion, for equity, which would give them close to 100% of the shares. Creditors include Invesco, Benefits Street Partners (a Franklin Templeton fund) and JP Morgan, alongside BNP Paribas and ICG. The company, owned by ICG and José María Pacheco, has accumulated €470 million in losses over three years and faces €100 million a year in debt costs.

In 35 seconds

Creditors propose swapping the €1.2 billion debt for all of Konecta's equity.
The deal would give creditors close to 100% ownership; José María Pacheco still holds 15%.
Konecta lost €176.69 million in 2025 and has posted €470 million in losses over three years.

Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

Konecta
deuda
reestructuración
call center
acreedores

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Invesco and Franklin Templeton set to take majority of Konecta by swapping €1.2 billion of debt for equity

In 35 seconds

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