Brief: FACC And Core Banks Adjust Financing Conditions

FACC AG

30/12/2021 08:56

Dec 30 (Reuters) - FACC AG  FACC.VI :
    * FACC AND CORE BANKS ADJUST FINANCING CONDITIONS
    * EXPECTED ONE-OFF EFFECTS ON FINANCIAL AND EARNINGS
DEVELOPMENT
OF GROUP DUE TO RULING OF A LONDON ARBITRATION COURT IN
CONNECTION WITH CLAIMS OF A SUPPLIER REQUIRED AN ADJUSTMENT OF
CONTRACTUAL TERMS OF EXISTING SYNDICATED LOAN
    * AS OF TEST DATE JUNE 30TH, 2023, FACC WILL RETURN TO
ORIGINALLY
AGREED COVENANT OF NET FINANCIAL DEBT/EBITDA
    * IN CONSENSUAL NEGOTIATIONS, AN ADJUSTMENT OF COVENANT
CALCULATION (COVENANT CALCULATION ADAPTATION) AND ADJUSTMENTS TO
COVENANT ITSELF (COVENANT RESET) WERE AGREED FOR NEXT TEST DATES

Source text for Eikon:  ID:nAPA6qQ4NB 
Further company coverage:  FACC.VI 

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