Brief: Starbreeze Says Its Debt Will Be Repaid In Full To All Creditors

Starbreeze AB

12/11/2019 07:19

Nov 12 (Reuters) - Starbreeze AB  STZEb.ST :
    * SAID ON MONDAY A RECONSTRUCTION PLAN AND PETITION FOR
COMPOSITION NEGOTIATIONS WERE SUBMITTED TO THE STOCKHOLM
DISTRICT COURT
    * STARBREEZE'S DEBTS WILL BE REPAID IN FULL TO ALL
CREDITORS, WITH
NO REDUCTIONS
    * THE MAJORITY OF THE CREDITORS WERE GIVEN TWO ALTERNATIVES:
REPAYMENT IN FULL WITHIN A MAXIMUM OF FIVE YEARS AT FIVE PERCENT
INTEREST; OR REPAYMENT IN FULL WITHIN 364 DAYS WITH NO INTEREST
    * SEPARATE PROPOSALS HAVE BEEN PRESENTED TO STARBREEZE'S
LARGEST
CREDITORS, NORDEA AND SMILEGATE, WHICH HAVE COMBINED CLAIMS OF
SEK 320 MILLION OF THE DEBT

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkrZ4ZhL
    
 Further company coverage:  STZEb.ST  
   


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