Brief: Frigoglass Says Noteholders Of Bridge Notes To Enforce Pledge Over The Shares Of FHBV

Frigoglass SAIC

01/03/2023 08:28

March 1 (Reuters) - Frigoglass SA  FRIr.AT :
    * FRIGOINVEST HOLDINGS (FHBV) AND FRIGOGLASS FINANCE HAVE
NOT
REPAID EQUITY AND ANY ACCRUED INTEREST RELATED TO THE BRIDGE
NOTES ISSSUE WHICH HAS BECOME DUE AND PAYABLE ON FEB. 28
    * THIS CONSTITUTES AN EVENT OF DEFAULT AND SUCH EVENT OF
DEFAULT
IS REQUIRED TO COMMENCE IMPLEMENTATION OF THE TRANSACTION
    * FOLLOWING THE MATURITY OF THE BRIDGE NOTES, THE
NOTEHOLDERS
COMMITTEE IS SHORTLY EXPECTING TO COMMENCE THE IMPLEMENTATION OF
THE TRANSACTION BY ENFORCING THE PLEDGE OVER THE SHARES OF FHBV

    Source text
  
Further company coverage:  FRIr.AT 

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