Brief: Leoni Receives Required Majorities For Restructuring Plan

Leoni AG

01/06/2023 08:41

June 1 (Reuters) - LEONI AG  LEOGn.DE :    
    * SAID ON WEDNESDAY THE RESTRUCTURING PLAN RECEIVED THE
APPROVAL
OF THE REQUIRED MAJORITIES AT A COURT MEETING CONVENED FOR THIS
PURPOSE
    * THE NUREMBERG RESTRUCTURING COURT HAS ANNOUNCED THAT THE
STILL
REQUIRED RULING WILL BE ISSUED ON 21 JUNE 2023
    * LEONI CAN THEN PROCEED WITH THE IMPLEMENTATION OF THE
FINANCIAL
RESTRUCTURING AS PLANNED
    * FINANCING IS SECURED UNTIL THE END OF 2026
    * THE FINANCIAL RESTRUCTURING ONLY AFFECTS LEONI AG, AND NOT
ITS
SUBSIDIARIES, THEIR SUPPLIERS, CUSTOMERS AND EMPLOYEES

     
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