Brief: Storm Real Estate Signs Short-Term Agreement With Bank, Containing New Loan Covenants

Bevest ASA

26/09/2018 12:54

Sept 26 (Reuters) - Storm Real Estate ASA  STORM.OL :
    * SIGNED A SHORT-TERM AGREEMENT WITH BANK, CONTAINING NEW
LOAN
COVENANTS
    * AGREEMENT EXPIRES ONCE A LONG-TERM AGREEMENT HAS BEEN
SIGNED, OR
AT LATEST ON 15 DECEMBER
    * OCCUPANCY IN GASFIELD BUILDING HAS BEEN REDUCED TO 75%
    * COMPANY IS LIKELY TO BREACH ITS LOAN COVENANTS BY END OF
Q4 2018
    * IS NEGOTIATING WITH SEVERAL NEW POTENTIAL TENANTS

Source text for Eikon:  ID:nObin07vGa 
Further company coverage:  STORM.OL 

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