Brief: Componenta Unit Componenta Castings To End Restructuring Programme Prematurely

Componenta Oyj

13/10/2021 15:09

Oct 13 (Reuters) - Componenta Corp  CTH1V.HE :
    * COMPONENTA CASTINGS LTD TO END RESTRUCTURING PROGRAMME
PREMATURELY
    * CURRENT AMOUNT OF UNPAID RESTRUCTURING DEBTS UNDER
RESTRUCTURING
PROGRAMME IS APPROXIMATELY EUR 6.1 MILLION, CONSISTING OF
APPROXIMATELY EUR 3.6 MILLION EXTERNAL RESTRUCTURING DEBTS AND
EUR 2.5 MILLION INTRA-GROUP RESTRUCTURING DEBTS
    * PREMATURE ENDING OF RESTRUCTURING REQUIRES COMPONENTA
CASTINGS
TO REPAY ITS CREDITORS UNPAID PART OF THEIR REDUCED
RESTRUCTURING DEBTS ADDED WITH SUPPLEMENTAL PAYMENT OBLIGATION
    * DECIDED TO CARRY OUT AFOREMENTIONED PAYMENTS, AMOUNTING TO
EUR
3.4 MILLION TO EXTERNAL CREDITORS, EUR 2.2 MILLION TO
INTRA-GROUP CREDITORS
    * INTRA-GROUP RESTRUCTURING DEBTS OF COMPONENTA CASTINGS
SHALL BE
SETTLED BY CONVERTING THEM ENTIRELY INTO A NEW LOAN
    * NET PROFIT OF ABOUT EUR 0.2 MILLION WILL BE REALISED FOR
GROUP
IN CONNECTION WITH REPAYMENT
    * PREMATURE ENDING OF PROGRAMME WILL BE FINANCED WITH CASH
RESERVES

Source text for Eikon:  ID:nWkr9R34tV 
Further company coverage:  CTH1V.HE 

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