Brief: Galatasaray Says It Decides To Increase Share Capital By 400% To 4.32 Bln Lira Via Right Issues

Galatasaray Sportif Sinai ve Ticari Yatirimlar

06/12/2024 05:35

Dec 6 (Reuters) - GALATASARAY SPORTİF SINAİ VE TİCARİ
YATIRIMLAR  GSRAY.IS :
    * SAID ON THURSDAY, IT DECIDES TO INCREASE SHARE CAPITAL BY
400%
TO 4.32 BLN LIRA VIA RIGHT ISSUES
    * UNDER FINANCIAL RESTRUCTURING AGREEMENT, TO USE FUNDS
OBTAINED
TO PAY PRINCIPAL PAYMENT, INTEREST, COMMISION AND ALL SECONDARY
OBLIGATIONS TO DENIZBANK 
    * THEN TO USE FUNDS OBTAINED TO PAY BACK LOAN IN PART FOR
MANDATORY PREPAYMENT IN ORDER TO RESTRUCTURE FINANCIAL DEBT AND
COMMERCIAL DEBT WITH REGARDS TO AGREEMENT WITH CREDITORS TC
ZIRAAT BANKASI AND DENIZBANK
    * TO USE FUNDS IMMEDIATELY TO PAY BACK LOANS UNDER
RESTRUCTURING
AGREEMENT

        
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