Brief: British Automotive Holding Signs Letter Of Intent On Debt Repayment With JLR

British Automotive Holding w Upadlosci SA

02/08/2021 14:40

Aug 2 (Reuters) - British Automotive Holding SA  BAHP.WA :
    * SAYS SIGNS LETTER OF INTENT WITH JLR
    * SAYS LETTER SETS BASIC TERMS OF FUTURE SETTLEMENT FOR
REPAYMENT
OF THE COMPANY'S AND BRITISH AUTOMOTIVE POLSKA DEBT TO JLR
    * SAYS LETTER PUTS THE AMOUNT OF MAIN DEBT TO JLR AT 36.6
MILLION
EUROS AND 3.7 MILLION GBP
    * SAYS PARTIES INTEND TO FULLY REPAY THE DEBT UNTIL JUNE 30,
2026
    * SAYS FINAL AGREEMENT IS PLANNED TO BE SIGNED BY END-AUGUST

Source text for Eikon:  ID:nEM1Pvp26a 
Further company coverage:  BAHP.WA 

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