Brief: Intrum Reaches Agreement In Principle With Majority Of RCF Lenders

Intrum AB

16/08/2024 06:20

Aug 16 (Reuters) - Intrum AB  INTRUM.ST :
    * REACHES AGREEMENT IN PRINCIPLE WITH THE MAJORITY OF ITS
RCF
LENDERS CONTINUING SIGNIFICANT PROGRESS TOWARDS RECAPITALISATION
    * RCF LENDERS ARE EXPECTED TO IMMINENTLY SIGN INTRUM’S
EXISTING
LOCK-UP AGREEMENT
    * REDUCTION OF THE OVERALL RCF AMOUNT FROM €1.8BN TO €1.1B
    * EXTENSION OF THE TERM OF THE RCF TO 30 JUNE 2028 (WITH
SPRINGING
MATURITY   IN CASE OF CERTAIN COVENANT BREACHES)

Source text for Eikon:  ID:nMFN828tKG 
Further company coverage:  INTRUM.ST 

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