Brief: Europejskie Centrum Odszkodowan Says Terms Of B Series Bond Issue Violated
May 5 (Reuters) - Europejskie Centrum Odszkodowan SA
EUC.WA :
* SAID ON WEDNESDAY THAT THERE HAS BEEN A VIOLATION OF TERMS
OF B
SERIES BOND ISSUE
* THE VIOLATION REGARDS TO THE EXCEEDING OF THE NET DEBT TO
EBITDA
RATIO
* THE VIOLATION ALLOWS THE ENTITLED BONDHOLDERS TO DEMAND
THE
COMPANY TO BUY UP THE BONDS IN ADVANCE
Source text for Eikon: urn:newsml:reuters.com:*:nEMbrqBTwa
Further company coverage: EUC.WA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on Europejskie Centrum Odszkodowan SA
See all newsBrief: Europejskie Centrum Odszkodowan Says Trustee Files Restructuring Plan To Court
Brief: Europejskie Centrum Odszkodowan Unit Files Application To Open Insolvency Proceedings
Brief: Europejskie Centrum Odszkodowan Unit Files Prudential Reuqest For Bankruptcy
Brief: Europejskie Centrum Odszkodowan Q3 Net Result Turns To Loss Of 1.9 Mln Zlotys
Brief: Europejskie Centrum Odszkodowan Gets Another Demand For Immediate Redemption Of B Series Bonds