Brief: Work Service Starts Talks Aimed At Restructuring Its Financial Indebtedness Towards GI International

Gi Poland SA

20/04/2021 07:14

April 20 (Reuters) - Work Service SA  WSEP.WA :
    * SAID ON MONDAY IT HAS SIGNED A LETTER OF INTENT WITH GI
INTERNATIONAL BASED IN MILAN, WHICH IS A GUARANTOR FOR THE
REPAYMENT OF THE COMPANY'S DEBT UNDER RESTRUCTURING AGREEMENT 
    * THE COMPANY AND GI AGREED TO CONSIDER AND EXAMINE ALL
AVAILABLE
SOLUTIONS, WHICH MAY BE APPLIED TO THE RESTRUCTURING OF
RECEIVABLES, IN PARTICULAR AMENDING THE FINANCING AGREEMENT
CONCLUDED BETWEEN THE COMPANY AND THE GI, AIMED AT RESCHEDULING
THE REPAYMENT DATE OF THE RECEIVABLES OR CONVERTING THE
RECEIVABLES INTO SHARES OF THE NEW COMPANY ISSUE 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4nhFT5a
    
 Further company coverage:  WSEP.WA  
   


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