Brief: Prime Living Presents Plan For Recapitalization

Studentbostader I Norden AB (publ)

17/07/2020 15:40

July 17 (Reuters) - Prime Living AB (publ)  PRIME.ST :
    * PRESENTS PLAN FOR RECAPITALIZATION
    * CONSIDERS SALE OF OXIE PROPERTIES
    * TO USE SALES PROCEEDS TO REPAY OXIE BOND OF SEK 400
MILLION
    * PRIME LIVING CAMPUS STOCKHOLMS AB'S BOND LOAN OF SEK 50
MILLION
TO BE CONVERTED INTO PREFERENCE SHARES OF SERIES C
    * SENIOR UNSECURED BOND  LOAN OF SEK 190 MILLION WILL BE
CONVERTED
TO PREFERENCE SHARES
    * CALLS FOR EGM TO BE HELD ON SEPT 17

Source text for Eikon:  ID:nBQN45DRYW 
Further company coverage:  PRIME.ST 

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