Brief: Fastator To Conduct Negotiations With Major Bondholders

Fastator AB (publ)

11/03/2024 16:52

March 11 (Reuters) - Fastator AB (publ)  FASTAT.ST :
    * DUE TO BREACH OF FINANCIAL SOLVENCY COVENANT, THERE IS NOW
GROUND FOR TERMINATION OF BONDS
    * INTENDS TO CONDUCT NEGOTIATIONS WITH MAJOR BONDHOLDERS TO
AGREE
WITH THEM NOT TO TAKE ENCOFRCMENT MEASURES, TO ENABLE
NEGOTIATIONS ON A LONG-TERM FINANCIAL SOLUTION
    * ALSO ANNOUNCES THAT PORTFOLIO COMPANY POINT PROPERTIES HAS
BEEN
REJECTED BY BONDHOLDERS FOR ITS REQUEST FOR SHORT EXTENSION OF
ITS BOND MATURING IN 2024.
    * NEGOTIATIONS FOR LONG-TERM FINANCIAL SOLUTIONS FOR
FASTATOR
BONDS MAY INCLUDE EXTENSION AND CHANGE OF BOND TERMS, EXCHANGE
OF SECURITIES AND A LARGE SETTLEMENT WITH POINT AND ITS
BONDHOLDERS

Further company coverage:  FASTAT.ST 

 (Reporting by Marie Mannes, editing by Louise Rasmussen)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))