Brief: Fastator Informs About Interest Payments Under Outstanding Bond Loans, The Negotiation Process With Bondholders And Standstill Agreement

Fastator AB (publ)

25/03/2024 12:32

March 25 (Reuters) - Fastator AB (publ)  FASTAT.ST :
    * FASTATOR INFORMS ABOUT INTEREST PAYMENTS UNDER OUTSTANDING
BOND
LOANS, NEGOTIATION PROCESS WITH BONDHOLDERS AND THAT POINT
PROPERTIES HAS ENTERED INTO STANDSTILL AGREEMENT
    * CONTINUES TO NEGOTIATE WITH MAJOR HOLDERS OF BONDS
    * ANNOUNCES THAT DEFERRED INTEREST PAYMENTS UNDER CO'S
OUTSTANDING
BOND LOANS THAT WOULD HAVE BEEN MADE ON 22 MARCH 2024 FOR BOND
LOANS 2020/2025 AND BONDS 2020/2026 AND ON 25 MARCH 2024 FOR
BOND LOAN 2021/2027 SHALL BE RESUMED IN ACCORDANCE WITH CO'S
PRESS RELEASE DATED 19 MARCH 2024
    * PORTFOLIO COMPANY POINT PROPERTIES PORTFOLIO 1 AB (PUBL)
("POINT")  ENTERED INTO AGREEMENT WITH BONDHOLDERS WHO
REPRESENTS ABOUT 58% OF POINT'S BOND LOANS OF SERIES 2021/2024
    * FASTATOR HEREBY ANNOUNCES THAT INTEREST PAYMENTS WILL BE
MADE ON
2 APRIL 2024 TOGETHER WITH ACCRUED PENALTY INTEREST UP TO AND
INCLUDING PAYMENT DATE
    * FASTATOR IS CONTINUING TO NEGOTIATE WITH MAJOR HOLDERS OF
BONDS
ON BASIS OF PAST EVENT OF DEFAULT UNDER TERMS OF BONDS FOR
LONG-TERM FINANCIAL SOLUTION
    * SOLUTION MAY INCLUDE FOLLOWING: EXTENSION OF MATURITY,
AMENDED
BOND TERMS, SECURITY SWAPS AND MAY ALSO INCLUDE LARGER
SETTLEMENT WITH CO'S HOLDING CO

Source text for Eikon:  ID:nMFN1TMmNW 
Further company coverage:  FASTAT.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;  +48 58 769 66 00;))