Brief: Oscar Properties To Sign Agreement With Creditors, Bankruptcy Petition Expected To Be Withdrawn

Oscar Properties Holding AB

05/06/2024 12:41

June 5 (Reuters) - Oscar Properties Holding AB  OP.ST :
    * REACHES AGREEMENT WITH GROUP'S LARGEST CREDITORS, EXPECTED
TO BE
SIGNED TODAY
    * AGREEMENT MEANS THAT BANKRUPTCY PETITION AGAINST OSCAR
PROPERTIES IS WITHDRAWN
    * PROPERTIES OWNED DIRECTLY OR INDIRECTLY BY CO'S SUBSIDIARY
HL18
TO BE DISPOSED OF TO REPAY RELEVANT RECEIVABLES IN HL18
    * REACHED AGREEMENT WITH BONDHOLDERS REPRESENTING UP TO SEK
800
MILLION OF UNSECURED BOND
    * ALSO REACHED AGREEMENT WITH BONDHOLDERS REPRESENTING UP TO
SEK
550 MILLION OF SECURED BOND IN SUBSIDIARY HL18 PROPERTY
PORTFOLIO AB

Source text for Eikon:  ID:nMFN3BgwKk 
Further company coverage:  OP.ST 

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