Brief: Beter Bed Holding Ponder Future Of Matratzen Concord, Negotiates Required Financing Arrangements

Beter Bed Holding NV

25/06/2019 06:21

June 25 (Reuters) - Beter Bed Holding NV  BETR.AS :
    * REG-BETER BED HOLDING INVESTIGATES ALTERNATIVES FOR FUTURE OF MATRATZEN
CONCORD
AND IS IN CONSTRUCTIVE DIALOGUE WITH BANKS ON REQUIRED FINANCING ARRANGEMENTS
    * BETER BED HOLDING IS IN CONSTRUCTIVE DIALOGUE WITH BANKS TO ADDRESS
SHORT-TERM
LIQUIDITY, TO TEMPORARILY WAIVE COVENANT TESTING OF 30 JUNE 2019
    * KEY FOCUS OF BETER BED HOLDING WILL BE TO ACCELERATE STRONG PERFORMANCE IN
ESPECIALLY BENELUX REGION
    * BETER BED HOLDING HAS AGREED TO PROVIDE BANKS SECURITY ON CERTAIN ASSETS
    * BETER BED HOLDING IS IN CONSTRUCTIVE DIALOGUE WITH BANKS WITH INTENT TO
CONSIDER
A LONGER-TERM FINANCING SOLUTION

Source text for Eikon:  ID:nGNE7D9MjY 
Further company coverage:  BETR.AS 

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