Brief: Prime Living Enters Into Agreement With Lenders

Studentbostader I Norden AB (publ)

15/11/2019 08:26

Nov 15 (Reuters) - Prime Living AB  PRIME.ST :
    * SAID ON THURSDAY ENTERS INTO AGREEMENT WITH LENDERS
CONCERNING
THE COMPANY'S SECURED SHAREHOLDER LOAN OF AROUND SEK 39.3
MILLION
    * THE AGREEMENT MEANS THAT PRIME LIVING WILL CONVERT AROUND
SEK
9.8 MILLION OF THE LOAN INTO C-SERIES PREFERENCE SHARES, AND
AROUND SEK 31.4 MLN WILL BE PAID BACK DEC 16, 2019 LATEST 
    * THE AGREEMENT IS A PART OF PRIME LIVING'S RECAPITALIZATION
PLAN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN42GWj2
    
 Further company coverage:  PRIME.ST  
   


 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))