Picture of Maisons du Monde SA logo

MDM — Maisons du Monde SA News Story

0.000.00%
fr flag iconLast trade - 00:00
Consumer CyclicalsHighly SpeculativeMicro CapValue Trap

Brief: Maisons Du Monde Agrees Financial Restructuring With New Investor Consortium

BRIEF-Maisons Du Monde Agrees Financial Restructuring With New Investor Consortium

- 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)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

Recent news on Maisons du Monde SA

See all news