Brief: OT Logistics Agrees Initial Terms Of Financial Restructuring

OT Logistics SA

18/02/2019 07:37

Feb 18 (Reuters) - OT Logistics SA  OTSL.WA :
    * SAID ON SATURDAY IT HAS AGREED INITIAL TERMS OF FINANCIAL
RESTRUCTURING WITH ITS MAIN CREDITORS, I.E. BANK BGŻ BNP
PARIBAS, SANTANDER BANK POLSKA SA, MBANK SA, BANK GOSPODARSTWA
KRAJOWEGO AND HOLDERS OF G SERIES BONDS
    * INITIAL TERMS ASSUME CHANGING TERMS AND EXTENDING DEBT
REPAYMENT
DEADLINES TO BANKS AND EXTENDING MATURITY OF G SERIES BONDS
    * THE ISSUE OF H SERIES BONDS TO REFINANCE D AND F SERIES
BONDS
    * IMPLEMENTATION OF THE GROUP'S RECOVERY PLAN
    * SAID HOLDERS OF SIGNIFICANT AMOUNT OF D AND F SERIES BONDS
HAVE
NOT OBJECTED TO THE INITIAL TERMS 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5VTGCta
    
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