Casino operator Affinity Interactive is in talks with Moelis & Co. for advice as it looks to negotiate with bondholders over a potential restructuring, according to people familiar with the matter.
The move to work with Moelis comes as some of Affinity’s bondholders have brought in Akin Gump Strauss Hauer & Feldto hold discussions with the company, said the people, who asked not to be identified speaking about private information.
Creditors are concerned Affinity is veering toward a potential liability management exercise that would leave its outstanding debt vulnerable to losses, they said.
Affinity is also working with Macquarie ...
