Brief: Libet And Units Sign Agreement On Terms Of Debt Restructuring With Banks

Libet SA

01/07/2019 09:06

July 1 (Reuters) - Libet Sa  LBTA.WA :
    * SAYS CO AND ITS UNITS LIBET 2000,  BAUMABRICK SIGN WITH
ALL
BANKS FINANCING CO'S AND ITS UNITS BUSINESS ACTIVITY AGREEMENT
ON TERMS OF DEBT RESTRUCTURING
    * UNDER AGREEMENT CO AND UNITS WILL NOT HAVE TO PAY BACK TO
THE
BANKS 66.7 MILLION ZLOTYS IN TOTAL
    * HOWEVER UNDER AGREEMENT COS WILL BE ENTITLED TO MAKING
PAYMENTS
TO THE BANKS ON VOLUNTARY PRINCIPLE
    * UNDER AGREEMENT (WHICH IS TO LAST TILL JUNE 30, 2020)
BANKS ARE
TO MAINTAIN CREDIT AGREEMENTS AND REFRAIN FROM ANY ENFORCEMENT
PROCEEDINGS
    * UNDER AGREEMENT BANKS ARE ALSO NOT TO RAISE MARGINS, FEES
OR
COMMISSIONS RELATED TO SERVICES PROVIDED TO COS

Source text for Eikon:  ID:nEMqyCKha 
Further company coverage:  LBTA.WA 

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