Brief: Ezentis Informs Of Judicial Approval Of Restructuring Plans

Grupo Ezentis SA

26/05/2023 06:32

May 26 (Reuters) - Ezentis  EZEN.MC :
    * INFORMED ON THURSDAY OF JUDICIAL APPROVAL OF RESTRUCTURING
PLANS
    * RESTRUCTURING PLANS ARE GIVEN FULL EFFECT, GIVING EFFECT
TO
RESTRUCTURING MEASURES CONTAINED THEREIN, BY IMPLEMENTING
VIABILITY PLAN ANNEXED TO RESTRUCTURING PLANS
    * IT IS AGREED TO EXTEND EFFECTS DERIVED FROM RESTRUCTURING
PLANS
TO CREDITS HELD BY CREDITORS WHO HAVE NOT SUBSCRIBED TO
RESTRUCTURING PLAN IN ACCORDANCE WITH PROVISIONS OF ARTICLE 649
TRLC
    * IT IS DECLARED THAT ACTS CARRIED OUT IN EXECUTION OF 
RESTRUCTURING PLANS ARE NON-DEROGABLE, IN ACCORDANCE WITH
PROVISIONS OF ARTICLE 667 TRLC
    * IT IS DECLARED THAT COMMERCIAL AND OPERATING CONTRACTS
ENTERED
INTO PRIOR TO APPLICATION FOR JUDICIAL APPROVAL OF RESTRUCTURING
PLANS CANNOT BE TERMINATED, BY VIRTUE OF PROVISIONS OF ARTICLE
618.2 TRLC
    * STATUS OF INTERIM FINANCING AND NEW FINANCING IS
RECOGNISED FOR
INSTRUMENTS GRANTED UNDER TERMS OF ARTICLES 665 AND 666 OF TRLC
BY VIRTUE OF RESTRUCTURING PLANS
    * INTERIM FINANCING AND THE NEW FINANCING GRANTED UNDER 
RESTRUCTURING PLANS ARE DECLARED NON-EXPENDABLE
    * IT IS AGREED THAT ALL PROCEEDINGS FOR ENFORCEMENT OF
CLAIMS
AFFECTED BY RESTRUCTURING PLANS WILL BE DISCONTINUED

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM9lpNhm  urn:newsml:reuters.com:*:nL8N366152
 Further company coverage:  EZEN.MC  

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