Brief: Acroud Initiates Written Procedures
08/05/2025 15:02
May 8 (Reuters) - Acroud AB ACROUD.ST: INITIATES WRITTEN PROCEDURES UNDER OUTSTANDING BOND LOANS SEES IT WILL BREACH MAINTENANCE TEST COVENANT (NET INTEREST BEARING DEBT TO EBITDA) UNDER TERMS, CONDITIONS FOR PERIOD ENDING ON MARCH 31 DUE TO OVERSIGHT, PRO FORMA CALCULATION OF EBITDA AS IF ACROUD MEDIA LTD HAD BEEN WHOLLY-OWNED GROUP COMPANY FOR ENTIRE REFERENCE PERIOD, WAS NOT INCLUDED IN TERMS, CONDITIONS ESTIMATES THAT BUSINESS PERFORMANCE IS BACK IN LINE WITH BUDGET EXPECTATIONS FOR APRIL THREE LARGEST BONDHOLDERS REPRESENTING A MAJORITY OF THE OUTSTANDING ADJUSTED NOMINAL AMOUNT UNDER THE SUPER SENIOR BONDS HAVE AGREED TO VOTE IN FAVOUR OF THE REQUESTS IN THE WRITTEN PROCEDURES Source text: ID:nWkr48WGKl Further company coverage: ACROUD.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))