Brief: Fastator Renews Bonds

Fastator AB (publ)

27/09/2023 09:10

Sept 27 (Reuters) - Fastator AB (publ)  FASTAT.ST :
    * SAID ON TUESDAY THAT CO RENEWS ALL BONDS
    * REACHED AGREEMENT WITH MAJORITY OF BONDHOLDERS OF CO'S
THREE
OUTSTANDING BOND LOANS ON TERMS FOR TWO-YEAR EXTENSION OF EACH
BOND LOAN
    * NEW MATURITY DATES ARE 26 SEPTEMBER 2025, 25 SEPTEMBER
2026 AND
24 SEPTEMBER 2027
    * BONDHOLDERS HAVE ALSO ACCEPTED LOWER CASH INTEREST RATE
(5%FIXED) IN EXCHANGE FOR MAINLY COLLATERAL IN CO'S DIRECT
HOLDINGS IN FÖRETAGSPARKEN, POINT PROPERTIES AND THE SEK 677
MILLION CLAIM THAT CO WILL HAVE ON CAL INVESTMENTS SARL AS WELL
AS DEFERRED INTEREST COMPONENT

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDLcbklJg
 Further company coverage:  FASTAT.ST  

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