Brief: Samsonite International SA Announces Amendment To Credit Agreement

Samsonite SA

07/06/2021 15:18

June 7 (Reuters) - Samsonite International SA  1910.HK :
    * ENTERED INTO A FURTHER AMENDMENT TO ITS CREDIT AGREEMENT
WITH
CERTAIN LENDERS AND FINANCIAL INSTITUTIONS
    * UNDER AMENDMENT, CO REPAID $125 MILLION PRINCIPAL AMOUNT
OF
OUTSTANDING BORROWINGS UNDER SENIOR SECURED TERM LOAN A FACILITY
    * ALSO VOLUNTARILY REPAID $100 MILLION PRINCIPAL AMOUNT OF
OUTSTANDING BORROWINGS UNDER REVOLVING CREDIT FACILITY
    * AMENDMENT RECOGNIZES IMPROVEMENTS TO PROFITABILITY AS A
RESULT
OF CO'S SIGNIFICANT COST REDUCTION INITIATIVES
    * AMENDMENT FURTHER STRENGTHENS CO'S FINANCIAL FLEXIBILITY
IT
CONTINUES TO NAVIGATE BUSINESS THROUGH COVID-19 PANDEMIC

Source text for Eikon:  ID:nHKS5YjLSS 
Further company coverage:  1910.HK 

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