Brief: Italia Independent Group Issues Debt Restructuring Plan

IIG SpA in Liquidazione

14/02/2023 17:28

Feb 14 (Reuters) - Italia Independent Group SpA
 IINT.MI :
    * ISSUES DEBT RESTRUCTURING PLAN
    * PLAN FORESEES PAYMENT OF 10% OF GROUP DEBT AT JUN 30
    * PLAN FORESEES PAYMENT OF ALL GROUP DEBT INCURRED AFTER JUN
30,
2022
    * PLAN FORESEES PAYMENT OF 20% OF UNIT ITALIA INDEPENDENT'S
DEBT
AT JUN 30
    * CREDITORS TO BE COMPENSATED THROUGH EARN-OUT AZIENDA AND
EARN-OUT CONTIGENCY BY JUN 30,2027 ND DEC 31, 2023 RESPECTIVELY
    * TO REPAY SHAREHOLDER LAPO ELKANN UP TO EUR 12.8 MILLION
AFTER
FINALIZATION OF EARN-OUT CLAUSE

Further company coverage:  IINT.MI 
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