Brief: Componenta in prelim agreement to strengthen balance sheet
01/04/2016 06:30
April 1 (Reuters) - Componenta Oyj CTH1V.HE L:
* Has made preliminary agreement for financial solution which significantly strengthens its
balance sheet
* Targeted solution to strengthen its balance sheet by reducing secured loans by 72 million
euros ($81.91 million)
* Targeted solution to increase its equity about by 50 million euros
* Arrangement regarding secured loans and actions to secure its working capital are aimed to
be financed by issuing convertible capital loan and divesting non-core business operations and
properties
* Negotiations with Turkish banks concerning additional financing to Turkish unit and
extension of maturities are proceeding
Source text for Eikon: ID:nHSU6fRL
Further company coverage: CTH1V.HE
($1 = 0.8790 euros)
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