Brief: Componenta: Changes To Restructuring Programmes Of Componenta Corp and Componenta Finland

Componenta Oyj

14/12/2018 13:40

Dec 14 (Reuters) - Componenta Corp  CTH1V.HE :
    * CHANGES TO THE PAYMENT PROGRAMMES OF THE APPROVED
RESTRUCTURING
PROGRAMMES OF COMPONENTA CORPORATION AND COMPONENTA FINLAND LTD
    * MOST CENTRAL CHANGE CONCERNS REMOVAL OF GUARANTEE
LIABILITY OF
COMPONENTA CORPORATION TO TURKISH CLUB LOAN BANKS
    * COMPONENTA - DISTRICT COURT OF HELSINKI HAS ON DEC 14
AFFIRMED
CHANGES TO APPROVED RESTRUCTURING PROGRAMS OF COMPONENTA
CORPORATION AND COMPONENTA FINLAND LTD
    * SUPPLEMENTARY PAYMENT OBLIGATION IS INCURRED TO COMPANY
TOWARDS
ITS UNSECURED CREDITORS
    * AMENDMENTS TO APPROVED RESTRUCTURING PROGRAMMES DO NOT
HAVE AN
EFFECT ON FINANCIAL POSITION OF COMPANY
    * AMOUNT OF COMPANY'S RESTRUCTURING DEBTS HAS DECREASED
APPROXIMATELY EUR 80 MILLION IN TOTAL
    * PAYMENTS ALLOCATED IN RESTRUCTURING PROGRAMME  SHALL BE
DISTRIBUTED TO CREDITORS IN PROPORTION WITH THEIR FINAL
RECEIVABLES
    * SUPPLEMENTARY PAYMENT OBLIGATION SHALL BE CALCULATED AND
PAID TO
ENTITLED CREDITORS ON LAST PAYMENT DAY OF PROGRAMME

Source text for Eikon:  ID:nWkr3Q9kYH 
Further company coverage:  CTH1V.HE 

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