Brief: Donkeyrepublic Concludes Loan Restructuring Of Existing Loans

DonkeyRepublic Holding A/S

30/05/2023 13:09

May 30 (Reuters) - Donkeyrepublic Holding A/S
 DONKEY.CO :
    * DONKEY REPUBLIC CONCLUDES LOAN RESTRUCTURING OF EXISTING
LOANS
FOLLOWING SUCCESSFUL NEGOTIATIONS WITH LENDERS
    * HAS AGREED WITH ITS MAJOR LENDERS TO RESTRUCTURE REPAYMENT
PLANS
IN ORDER TO IMPROVE ITS LIQUIDITY POSITION IN 2023 AND 2024
    * HAS COMPLETED KEY DRIVERS OUTLINED IN CO ANNOUNCEMENT NO.
08-2023 THAT WERE NECESSARY TO BE ON TRACK WITH CO'S 2024
GUIDANCE
    * REPAYMENT CONDITIONS OF LOANS HAVE BEEN RENEGOTIATED WHICH
WILL
FREE UP LIQUIDITY IN 2023 AND 2024
    * CAPITAL RAISE WAS CARRIED OUT AS A PRIVATE PLACEMENT,
RAISING
GROSS PROCEEDS OF 1.5M EUR
    * MANAGEMENT SEES COMPANY IN A GOOD POSITION TO ACHIEVE
PROJECTED
POSITIVE EBT FOR 2024

Source text for Eikon:  ID:nWkr60V2pv 
Further company coverage:  DONKEY.CO 

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