Cazoo lenders to take control of shares with debt-for-equity swap, Sky reports

Cazoo’s lenders will assume control of the online car retailer’s shares as part of a deep financial restructuring anticipated to be announced in the coming days, Sky News’ Mark Kleinman reports. The company on Tuesday was finalizing a $630M debt-for-equity swap that will leave U.S.-based fund Viking Global Investors as its largest stakeholder, the author notes.