Brief: French group SoLocal to suspend bond coupon payment as coronavirus impact bites

Solocal SE

16/03/2020 06:05

March 16 (Reuters) - Solocal Group SA  LOCAL.PA :
    * SOLOCAL:  EXPECTS A POTENTIALLY SIGNIFICANT DECREASE IN
ORDER
INTAKE IN THE UPCOMING WEEKS CAUSED BY THE GENERAL ECONOMIC
DOWNTURN.
    * SOLOCAL:  IMPLEMENTING A PREVENTIVE ACTION PLAN AND
PROTECTIVE
MEASURES IN LIGHT OF CORONAVIRUS IMPACT
    * SOLOCAL:  HAS DECIDED TO SUSPEND THE QUARTERLY COUPON
PAYMENT
RELATED TO THE BOND MATURING MARCH 2022
    * SOLOCAL:  WILL APPROACH ITS BONDHOLDERS IN ORDER TO
NEGOTIATE A
DEFERMENT OF PAYMENT


Further company coverage:  LOCAL.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))