Brief: Milkiland Signs Debt Restructuring Agreements

Mlk Foods Public

11/09/2018 13:19

Sept 11 (Reuters) - MILKILAND NV  MLK.WA :
    * MILKILAND N.V. - SIGNING THE DEBT RESTRUCTURING AGREEMENTS WITH PEKAO BANK
SA
 PEO.WA  AND PEKAO LEASING
    * SIGNS AMENDMENT AGREEMENT WITH PEKAO BANK TO REVOLVING CREDIT FACILITY
AGREEMENT
AND OVERDRAFT CREDIT FACILITY AGREEMENT IN TOTAL AMOUNT OF 4.87 MILLION ZLOTYS
    * PARTIES AGREED THAT FINAL REPAYMENT OF INDEBTEDNESS SHALL BE MADE ON 31
JULY
2019
    * THE BORROWER ALSO TOOK THE OBLIGATION TO SELL THE NON CORE ASSETS IN THE
SUM OF
UP TO 509 MILLION ZLOTYS UNTIL 31 MARCH 2019 AND ALLOCATE THE OBTAINED
PROCEEDINGS FOR THE REPAYMENT TO THE BANK
    * DURING OF THE TERM OF THE AMENDMENT AGREEMENT, THE BANK TOOK THE
OBLIGATION TO
REFRAIN FROM DEBT ENFORCEMENT PROCEDURES
    * ALSO SIGNS ANOTHER AMENDMENT TO AGREEMENT WITH PEKAO LEASING  ON
RESTRUCTURING
OF INDEBTEDNESS IN TOTAL AMOUNT OF 6.4 MILLION ZLOTYS
    * PARTIES AGREED THAT FINAL REPAYMENT OF INDEBTEDNESS SHALL BE MADE ON 31
DECEMBER
2019
    * AGREEMENTS WERE SIGNED BY THE FOLLOWING PARTIES: PEKAO BANK SA (BANK),
PEKAO
LEASING (BANK'S UNIT), OSTROWIA SP. Z.O.O. (THE BORROWER AND CO SUBSIDIARY),
MILKILAND EU AND UA TRADE (CO'S SUBSIDIARIES) AND THE COMPANY

Source text for Eikon:  ID:nEM3yHJ5za 
Further company coverage:  MLK.WA   PEO.WA 

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