Brief: Fifax Agrees On Conditional Restructuring Of Its Loan Facility
30/11/2023 13:37
Nov 30 (Reuters) - FIFAX Abp FIFAX.HE :
* INSIDE INFORMATION: FIFAX HAS AGREED ON CONDITIONAL
RESTRUCTURING OF ITS LOAN FACILITY INCLUDING A GRACE PERIOD
WITHOUT AMORTIZATIONS UNTIL 1 OCTOBER 2025
* HAS AGREED WITH ITS CREDITORS ON RESTRUCTURING OF ITS EUR
3.8
MILLION LOAN FACILITY FROM FINANCIAL INSTITUTIONS
* RESTRUCTURED LOAN FACILITY INCLUDES A COVENANT REQUIRING
COMPANY
TO MAINTAIN LIQUID ASSETS OF AT LEAST EUR 1 MILLION UNTIL END OF
LOAN TERM
* LOAN REPAYMENTS SHALL COMMENCE ON 1 OCTOBER 2025, WITH
LAST
INSTALLMENT OF LOAN TO BE PAID ON 31 DECEMBER 2026
* COMPANY HAS RECEIVED A WAIVER FOR COVENANT FOR PERIOD 1
DECEMBER
2023 - 28 FEBRUARY 2024
* IN ADDITION, FIFAX CONTINUES TO EXPLORE DIFFERENT AND/OR
SUPPLEMENTAL FINANCING OPTIONS TO REACH COMPANY'S MID-TERM
TARGETS BY END OF 2024
Source text for Eikon: ID:nMFN6xDSpp
Further company coverage: FIFAX.HE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com;))