Brief: Pro Kapital Grupp Initiates Written Procedure To Amend Terms And Conditions Of Its Senior Secured Bonds
09/06/2020 15:07
June 9 (Reuters) - Pro Kapital Grupp AS PKG1T.TL :
* INITIATES WRITTEN PROCEDURE AMONG HOLDERS OF ITS SENIOR
SECURED
BONDS 2020/2024 TO REQUEST HOLDERS TO APPROVE MINOR AMENDMENT OF
TERMS AND CONDITIONS OF BONDS
* ASKS THE HOLDERS TO APPROVE A TECHNICAL AMENDMENT OF THE
MAINTENANCE TEST DEFINITION, IN RESPECT OF ITS GERMAN HOTEL
OPERATIONS
* AMENDMENT IS PROPOSED IN ORDER TO ENABLE COMPANY'S GERMAN
HOTEL
OPERATING SUBSIDIARY TO INCUR AN UNSECURED 3% LOAN UP TO
EUR 500,000 FROM THE GERMAN GOVERNMENT OFFERED TO ALLEVIATE
POST-COVID19 RECOVERY
Source text : ID:nGNE5r4ZpS
Further company coverage: PKG1T.TL
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