Brief: CHL not to reimburse fourth tranche of bond due 2018

Centro HL Distribuzione SpA

03/07/2017 11:15

July 3 (Reuters) - CENTRO HL DISTRIBUZIONE SPA  CHL.MI : 
    * SAID ON FRIDAY IT WOULD NOT REIMBURSE THE FOURTH TRANCHE 
OF 6.0 PCT 2014-2018 CONVERTIBLE BOND 
    * TRANCHE AMOUNTS TO UP TO 1.6 MILLION EUROS AND INCLUDES AN 
INTEREST COUPON OF 0.2 MLN EUROS 
    * DECISION WAS THE RESULT OF NON FULFILMENT OF COMMITMENTS 
MADE BY SHAREHOLDERS FERNANDO AND FEDERIGO FRANCHI TO GIVE 
ADEQUATE FINANCIAL RESOURCES TO THE COMPANY 
 
     
 Source text: http://reut.rs/2si16dt 
     
 Further company coverage:  CHL.MI   
    
 
 
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