Brief: Lawfinance Update On Existing Debt Facilities And Debt Restructure
26/04/2023 01:23
April 26 (Reuters) - Lawfinance Ltd LAW.AX :
* UPDATE IN CONNECTION WITH ITS EXISTING DEBT FACILITIES AND
FUNDING TRANSACTION AND DEBT RESTRUCTURE
* FOLLOWING TRIGGER OF EVENT OF DEFAULT ON 21 APRIL, CERTAIN
MAJORITY LENDERS AGREED NOT TO TAKE ANY ENFORCEMENT ACTION FOR
THEIR DEBT
* CONTINUING DISCUSSIONS WITH SECURED TERM SYNDICATED
FACILITY
AGREEMENT LENDERS WHO ARE NOT YET IN SUPPORT OF FUNDING
TRANSACTION
Source text for Eikon: ID:nASXbnGnZp
Further company coverage: LAW.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Lawfinance
See all newsBrief: Lawfinance Posts Loss For The Year Attributable Of $9.6 Million
Brief: Lawfinance Says Loss For Half-Year Attributable $4.6 Mln
Brief: Lawfinance Says Delay In Lodgement Of Its Appendix 4D And Interim Financial Report For Half Year
Brief: Lawfinance Says Continuing To Negotiate With Lenders
Brief: Lawfinance Update On Existing Debt Facilities And Debt Restructure