Brief: KrisEnergy Says To Cease Repayment On Certain Of Financial Obligations

KrisEnergy

11/08/2020 11:43

Aug 11 (Reuters) - KrisEnergy Ltd  KRIS.SI :
    * UPDATES ON RESTRUCTURING PROCESS
    * DECIDED TO CEASE REPAYMENT ON CERTAIN OF FINANCIAL
OBLIGATIONS
    * TO NOT PAY TERM FACILITY AGREEMENTS TO EACH OF HSBC &
STANDARD
CHARTERED BANK, SINGAPORE OF US$4.4 MILLION IN AGGREGATE
    * INTEREST PAYABLE UNDER S$200 MILLION 4% SENIOR UNSECURED
NOTES
DUE 2023 AMOUNTING TO S$4.1 MILLION WHICH IS DUE ON 22 AUG WILL
NOT BE MADE

Source text for Eikon:  ID:nSN1bnWzp 
Further company coverage:  KRIS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))