Apollo-Backed Coinstar, Creditors Tap Advisers as Payments Near
- Amortization payments on securities come due in April
- Company issued asset-backed securities tied to its machines
Coinstar kiosks in a supermarket in Toronto.
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Coinstar LLC, the Apollo Global Management-backed company known for kiosks that swap coins for cash, and a group of its creditors have tapped advisers to explore options ahead of fast-approaching amortization payments, according to people with knowledge of the matter.
The company is getting advice from Guggenheim Partners and PJT Partners, while a group of asset-backed noteholders is working with Houlihan Lokey Inc. and law firm King & Spalding, said the people, who asked not to be identified because the matter is private.