Folli submits revised restructuring proposal to creditors to ensure viability

Folli Follie SA

16/07/2019 06:31

ATHENS, July 16 (Reuters) - Greek troubled jewellery maker
Folli Follie  HDFr.AT  has launched a revised restructuring
proposal to secure consent by its creditors and ensure its
viability, it said on Tuesday.
    The step is key for the company, which has debt of about 430
million euros due this year and in 2021, to avoid collapse.
 urn:newsml:reuters.com:*:nL5N20H1TZ
    Folli said it has worked on an alternative restructuring
proposal with its advisers after a previous agreement with a
group of unsecured creditors in February failed.      

 (Reporting by Angeliki Koutantou)
 ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))