Brief: Russia's Ozon Says Is In Process Of Entering Into Standstill Agreement With Number Of Bondholders

Ozon Holdings

31/05/2022 12:47

May 31 (Reuters) - Russia's Ozon Holdings  OZON.O  says:
    * NOTIFIES OF A POTENTIAL EVENT OF DEFAULT ON ITS $750
MILLION
1.875% SENIOR UNSECURED CONVERTIBLE BONDS DUE 2026
    * IS IN THE PROCESS OF ENTERING INTO A STANDSTILL AGREEMENT
WITH A
NUMBER OF THE HOLDERS OF THE BONDS
    * BELIEVES THAT IT WILL REACH AN AGREEMENT ON THE TERMS OF
THE
RESTRUCTURING IN THE NEAR TERM
    * AIMING TO FINALIZE THE LONG-TERM RESTRUCTURING OF THE
BONDS
WITHIN THE CURRENT FINANCIAL YEAR
    * PLANS TO CONTINUE TO OPERATE AS USUAL

Further company coverage:  OZON.O 

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