Brief: Nordicom expects to replace banking agreement with bilateral loan agreements in 2016

Park Street A/S

17/12/2015 07:36

Dec 17 (Reuters) - Nordicom A/S  NRDC.CO : 
    * Said on Wednesday the company's banking agreement is expected to be replaced by bilateral 
loan agreements in 2016 
    * Said some of the company's major financial creditors had decided to withdraw from the 
company's existing banking agreement, which expires at the end of 2015, and that is why the 
company aims to replace it with bilateral agreements with the company's lenders 
    * The banking agreement includes today financial debt of about 1.8 billion Danish crowns 
($262.06 million), corresponding to 78 pct of the company's finacial debt 
    * Intends to get affirmation from the creditors, which have participated in the banking 
agreement or bilateral agreements on new terms 
    * At present, the company is not able not assess whether it will manage to achieve the 
intended confirmations and to implement a financial restructuring 
 
     
  
     
 Source text for Eikon:  ID:nCSE66sm  
     
 Further company coverage:  NRDC.CO   
    
 
 
 
($1 = 6.8687 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))