Brief: Maximum Entertainment Defaults On Loan Deals With Cathay Bank

Maximum Entertainment AB

01/04/2025 09:56

April 1 (Reuters) - Maximum Entertainment AB MAXENTb.ST:

MAXIMUM ENTERTAINMENT, LLC IN USA HAS RECEIVED NOTICE OF DEFAULT UNDER ITS LOAN AGREEMENTS WITH CATHAY BANK

RECEIVED DEMAND OF PAYMENT IN FULL OF CREDITS WITH CATHAY BANK OF NOT LESS THAN $5,547,801 AND NO LATER THAN ON APRIL 10

CURE PERIOD UNTIL APRIL 10, 2025 TO REPAY USD 5.5 MILLION TO CATHAY BANK

MAXIMUM ENTERTAINMENT AB - IS NOT IN A FINANCIAL POSITION TO PROCEED WITH PAYMENT AT THIS TIME, IS SEEKING TO FIND A SOLUTION TO SITUATION

MAXIMUM ENTERTAINMENT AB - SUBSIDIARIES HELD DIRECTLY BY MAXIMUM ENTERTAINMENT AB ARE AT THIS STAGE NOT AFFECTED

Source text: ID:nMFN50VQs5

Further company coverage: [MAXENTb.ST]

 (Gdansk Newsroom)

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