Brief: ePrice Signs New Investment Contract With Negma After Missed Reimbursement To Creditors

EPH Invest SpA

06/09/2023 06:26

Sept 6 (Reuters) - Eprice SpA  EPRC.MI :
    * SAID ON TUESDAY GROUP COULD NOT FULLY REIMBURSE CREDITORS
BY JUL
14 DEADLINE DUE TO DELAYS IN TALKS WITH INVESTOR NEGMA GROUP
INVESTMENT
    * SIGNED ON TUESDAY INVESTMENT CONTRACT WITH NEGMA
    * NEGMA TO APPOINT EPRICE CHIEF RESTRUCTURING OFFICER TO
OVERSEE
RESTRUCTURING PLAN
    * TO RECEIVE TOTAL EUR 9 MLN FROM ISSUANCE OF CONVERTIBLE
BONDS TO
NEGMA BY SEPT 2024 
    * IS IN TALKS WITH CREDITORS TO DEFINE NEW PAYMENT TIMINGS
    * DOES NOT EXCLUDE PAYMENT DELAYS MAY RESULT IN LEGAL
INITIATIVES
BY CREDITORS TO REVOKE RESTRUCTURING DEALS

 Further company coverage:  EPRC.MI  

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