Brief: Afarak Re-structures Its Financing

Afarak SE

01/04/2021 07:38

April 1 (Reuters) - Afarak Group Plc  AFAGR.HE :
    * SAID ON WEDNESDAY AFARAK HAS NOW AGREED THAT THE SHARES OF
AFARAK TRADING LTD, TURK MAADIN SIRKETI A.S AND AFARAK
ELEKTROWERK WEISWEILER GMBH ARE PLEDGED IN ORDER TO SECURE THE
PERFORMANCE OF AFARAK AND ITS GROUP
    * IN EXCHANGE TO THAT, AFARAK TRADING LTD WILL GET SUPPORT
WITH
WORKING CAPITAL FOR THE LOW CARBON OPERATIONS AND REVISED
PAYMENT PLAN FOR THE DEBT
    * ACCORDING TO PAYMENT PLAN, THE DEBT WILL BE PAID IN
INSTALMENTS
AND THE FINAL INSTALMENT IS DUE ON 07.02.2022

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE6CTDjJ
 Further company coverage:  AFAGR.HE  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))