Brief: Future Gaming Group Updates On Discussions With Bondholders

Fable Media AB

05/09/2019 10:25

Sept 5 (Reuters) - Future Gaming Group International AB
 FGG.TE  (FGGI):
    * SAID ON WEDNESDAY NORDIC TRUSTEE & AGENCY AB, A COMPANY
ACTING
AS AN AGENT FOR HOLDERS OF FGGI'S BOND, CONFIRMED IT WOULD MAKE
FUNDS AVAILABLE TO FGGI TO PAY ADDITIONAL PURCHASE PRICES AND
THAT THE REPAYMENT AMOUNT THAT IS TO BE PAID 18 MONTHS AFTER THE
BOND'S ISSUANCE BE REDUCED BY THE CORRESPONDING AMOUNT 
    * AS A CONDITION FOR THE PAYMENTS, AMONG OTHER THINGS, FGGI
MUST
ENTER INTO A FINAL AGREEMENT WITH RELEVANT SELLERS BY SEPTEMBER
13
    * THE AGENT'S APPROVAL OF THE PAYMENT HAS BEEN ACCEPTED BY A
CREDITORS' COMMITTEE CONSISTING OF SOME MAJOR BONDHOLDERS
REPRESENTING ABOUT 62% OF OUTSTANDING BOND LOANS
    * FGGI ENTERED INTO DISCUSSIONS WITH BONDHOLDERS IN MAY;
DISCUSSIONS WITH BONDHOLDERS REGARD CONSEQUENCES OF BREACH OF
TERMS OF BOND LOAN AGREEMENT ENTERED INTO IN CONNECTION WITH
ACQUISITION OF VIISTEK MEDIA [https://bit.ly/2kvUQjt
]

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr2gQ4h8
    
 Further company coverage:  FGG.TE