Brief: Accentro Says Obligation To Meet Certain Milestones, Certain Obligations To Prepare Restructuring To Be Negotiated With Bondholders In Upcoming Months
10/05/2024 19:37
May 10 (Reuters) - Accentro Real Estate AG A4Y.DE :
* EQS-ADHOC: ACCENTRO ANNOUNCES RESULT AND STATUS OF
NEGOTIATIONS
ON 'NO ACTION LETTERS' WITH A GROUP OF MAJOR BONDHOLDERS OF THE
2020/2026 BOND AND THE BONDHOLDER OF THE 2021/2029 BOND
* IT HAS NOT YET BEEN POSSIBLE TO REACH A FINAL AGREEMENT ON
ALL
COMMERCIAL AND LEGAL ISSUES
* ACCENTRO: OBLIGATION TO MEET CERTAIN MILESTONES, CERTAIN
OBLIGATIONS TO PREPARE RESTRUCTURING TO BE NEGOTIATED WITH
BONDHOLDERS IN UPCOMING MONTHS
* ACCENTRO REAL ESTATE - NO ACTION LETTER INTENDED TO
PRECLUDE
TERMINATION OF BOND DUE TO A BREACH OF LIMITATION ON NET
FINANCIAL INDEBTEDNESS
Source text for Eikon: ID:nEQ6SwwP9a
Further company coverage: A4Y.DE
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