Brief: Endor Says Corsair Will Provide Interim Financing As Part Of Exclusive Negotiations With Strategic Investor Corsair
15/05/2024 20:33
May 15 (Reuters) - Endor Ag E2NG.D :
* EQS-NEWS: ENDOR AG AGREES ON FURTHER STEPS AS PART OF
EXCLUSIVE
NEGOTIATIONS WITH STRATEGIC INVESTOR CORSAIR
* CORSAIR WILL PROVIDE INTERIM FINANCING, BE MADE AVAILABLE
IN
TRANCHES IN SHORT TERM IN LINE WITH COMPANY'S MATURITY PROFILE.
* CORSAIR WILL TAKE OVER ENDOR AG IN FULL AND PROVIDE IT
WITH
SUFFICIENT FINANCIAL RESOURCES
* ENDOR IS CURRENTLY LEVERAGED WITH AROUND EUR 70 MILLION.
* A BINDING AGREEMENT IS EXPECTED TO BE SIGNED IN MID-JUNE
AND
SUBMITTED TO RESTRUCTURING COURT IN MUNICH IN NEAR FUTURE.
Source text for Eikon: ID:nEQc6z1wsa
Further company coverage: E2NG.D
((Reuters.Briefs@thomsonreuters.com;))
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