Brief: Charisma Energy Services Defaulted On Sept Instalment For Loan

Khen Energy

14/10/2021 15:45

Oct 14 (Reuters) - Charisma Energy Services Ltd  CHAR.SI :
    * CHARISMA ENERGY SERVICES- DEFAULTED ON SEPT INSTALMENT FOR
LOAN;
OUTSTANDING PRINCIPAL OWING TO LENDING BANK IS US$13.2 MILLION
    * CHARISMA ENERGY SERVICES -  BANK ISSUED A NOTICE WITH
BREACHES
DECLARING SUCH FAILURE CONSTITUTES EVENTS OF DEFAULT & THAT LOAN
IS RECALLED
    * CHARISMA ENERGY SERVICES LTD - INTENDS TO CONTINUE WORKING
WITH
BANK TO REACH AMICABLE RESOLUTION OF EVENTS OF DEFAULT
    * CHARISMA ENERGY SERVICES LTD -  INTENDS TO RESUME
INSTALMENT
PAYMENTS BY NOVEMBER 2021
    * CHARISMA ENERGY SERVICES LTD -  IN EVENT BANK ENFORCES
SECURITIES UNDER FACILITY AGREEMENT, THERE MAY BE SIGNIFICANT
IMPACT ON OPERATIONS OF CO
    * CHARISMA ENERGY SERVICES - DEFAULT DUE TO ISSUES WITH
REPATRIATION OF US DOLLARS OUT OF SRI LANKA TO REPAY MONTHLY
INSTALMENTS UNDER BANK LOAN

Source text for Eikon:  ID:nSN3q6kFq 
Further company coverage:  CHAR.SI 

 (Reuters.briefs@thomsonreuters.com)