Brief: Maisons Du Monde Agrees Financial Restructuring With New Investor Consortium
BRIEF-Maisons Du Monde Agrees Financial Restructuring With New Investor Consortium June 19 (Reuters) - Maisons du Monde SA MDM.PA:
AGREES FINANCIAL RESTRUCTURING WITH NEW INVESTOR CONSORTIUM
NEW INVESTORS CONSISTING OF ALTERI INVESTORS AND EICOS INVESTMENT GROUP
CONSORTIUM'S INVESTMENT VEHICLE WOULD COMMIT €45.7 MILLION
REINSTATEMENT OF €40.8 MILLION OF RECEIVABLES DUE UNDER EXISTING BANK DOCUMENTATION FOR BENEFIT OF CERTAIN BANKS OF GROUP
ACQUISITION BY CONSORTIUM OF €210.8 MILLION IN PRINCIPAL AMOUNT OF GROUP'S EXISTING BANK DEBT
NEW SHARES WILL BE ISSUED AT A SUBSCRIPTION PRICE OF €0.28 PER SHARE
MASSIVE DILUTION FOR CURRENT SHAREHOLDERS, WHO WOULD HOLD AT MOST 4.78% OF COMPANY'S SHARE CAPITAL
COMPANY'S OBJECTIVE IS FULL COMPLETION OF ALL FINANCIAL RESTRUCTURING OPERATIONS DURING SUMMER AND AT LATEST BY SEPT 15, 2026
Source text: ID:nGNE67wGxt
Further company coverage: MDM.PA
(Gdansk Newsroom)
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