Brief: IQ International Cantonal Court Of Zug Approves Definitive Debt Rescheduling Proceedings
Nov 22 (Reuters) - IQ INTERNATIONAL AG IQL.DE :
* CANTONAL COURT OF ZUG APPROVES DEFINITIVE DEBT
RESCHEDULING
PROCEEDINGS OF IQ INTERNATIONAL AG
* EXPECTS TO RAISE ADDITIONAL INTERIM CAPITAL IN THE FORM OF
LOANS
TOTALING APPROX. USD 150,000, SUBJECT TO CERTAIN LIMITATIONS,
* AS WELL AS FURTHER CONCESSIONS FROM COMPANY'S SENIOR
SECURED
LENDER, WHICH SHOULD ALLOW COMPANY SUFFICIENT TIME TO CONTINUE
ITS RESTRUCTURING EFFORTS FOR BENEFIT OF ALL PARTIES
Source text for Eikon: ID:nPexqFrRXa
Further company coverage: IQL.DE
(Gdansk Newsroom)
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