Brief: Nordic Unmanned Expects Financial Restructuring To Be Completed In August

Nordic Unmanned ASA

14/08/2024 07:41

Aug 14 (Reuters) - Nordic Unmanned ASA  NUMND.OL :
    * PROVIDES FURTHER UPDATE ON STATUS OF ITS FINANCIAL
RESTRUCTURING
    * IS STILL WORKING ON FINALIZING CONDITIONS FOR COMPLETION
OF
AMENDMENTS TO COMPANY'S LOAN FACILITIES
    * COMPANY WILL SEEK AN EXTENSION OF DUE DATE FOR THESE LOANS
IN
DIALOGUE WITH BANKS AND TJELTA EIENDOM AS
    * EXPECTATION IS THAT IT WILL NOT HAVE LIQUIDITY TO REPAY ON
ORIGINAL DUE DATES AT END AUGUST 2024 EUR 2 MILLION BRIDGE LOAN
    * EXPECTS THAT COMPLETION OF FINANCIAL RESTRUCTURING WILL
TAKE
PLACE BEFORE END OF AUG 2024

Source text for Eikon:  ID:nObiQnwM1a 
Further company coverage:  NUMND.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))