Brief: Cybergun Establishes Legal Framework Adapted To Finalisation Of Financial Debt Restructuring Plan

Calibre SA

04/12/2019 17:45

Dec 4 (Reuters) - Cybergun SA  ALCYB.PA :
    * ESTABLISHMENT OF A LEGAL FRAMEWORK ADAPTED TO THE
FINALISATION
OF THE FINANCIAL DEBT RESTRUCTURING PLAN
    * BONDHOLDERS WILL BE CONVENED AT THE BEGINNING OF 2020 TO
ENDORSE
THE FINAL PLAN
    * THE SCHEME ADOPTED OFFERS TWO OPTIONS TO BONDHOLDERS, AT
THE
CHOICE OF EACH BONDHOLDER
    * OPTION 1: MEMBERSHIP IN TRUST TO WHICH BONDHOLDERS WOULD
CONTRIBUTE THEIR BONDS AND ACCRUED AND UNPAID INTEREST
    * TO REASSURE BONDHOLDERS, RESTARTED INVESTMENT HAS AGREED
TO
FINANCE THE VARIOUS OPERATIONS RELATED TO THIS PROCESS
    * OPTION 2 : IMMEDIATE REPAYMENT IN CASH OF 30% OF THE
ELIGIBLE
LIABILITIES, WITH ABANDONMENT OF THE BALANCE
    * EACH BONDHOLDER MAY COMBINE TWO OPTIONS MENTIONED BY
ALLOCATING
PART OF ITS BONDS IN OPTION 1 AND THE BALANCE IN OPTION 2

Source text : https://bit.ly/2rdsyxH
Further company coverage:  ALCYB.PA 

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