Brief: Storm Real Estate Signs New Standstill Agreement With Swedbank

Bevest ASA

04/06/2019 06:59

June 4 (Reuters) - Storm Real Estate ASA  STORM.OL :
    * SAID ON MONDAY IT HAS SIGNED A NEW SHORT-TERM AGREEMENT
WITH
SWEDBANK, CONTAINING NEW LOAN COVENANTS
    * AGREEMENT EXPIRES ONCE A LONG-TERM AGREEMENT HAS BEEN
SIGNED, OR
AT THE LATEST ON 10 JUNE 2019
    * COMPANY IS LIKELY TO BREACH ITS LOAN COVENANTS AT THE
EXPIRY OF
THE AGREEMENT IF THE PARTIES DOES NOT ENTER INTO A NEW AGREEMENT

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiFbBVMa
    
 Further company coverage:  STORM.OL  
   


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