Brief: CYBERGUN Announces Project Of Renegotiating Bond Debt

Calibre SA

01/07/2019 06:21

July 1 (Reuters) - CYBERGUN SA  ALCYB.PA :
    * ANNOUNCES PROJECT OF RENEGOTIATING BOND DEBT MATURING IN
2020
    * PROPOSES EARLIER PARTIAL REDEMPTION OF 20% OF NOMINAL
VALUE (IN
CASH) OR 30% (IN CASH AND SHARES) AGAINST WAIVER FOR REST OF
DEBT
    * IN CASE OF CREDITORS APPROVAL, THEY WOULD RECOVER BETWEEN
65%
AND 75% OF NOMINAL VALUE
    * RENEGOTIATION WOULD BRING SAVINGS IN INTEREST OF EUR 0.3
MILLION
IN 2019 AND EUR 0.7 MILLION IN 2020

Source text for Eikon:  ID:nACT59078 
Further company coverage:  ALCYB.PA 

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