Brief: Zucchi asks financing banks to renounce to termination clause of debt agreement

Vincenzo Zucchi SpA

05/08/2016 12:47

Aug 5 (Reuters) - Vincenzo Zucchi SpA  ZUCI.MI : 
    * Said on Thursday that the board asked financing banks to 
renounce to the termination clause of the agreement 
    * The termination clause is triggered in case of failure to 
complete the capital increase within the terms of the 
restructuring agreement, i.e. within 50 working days from the 
date of execution of the agreement signed with the lending banks 
    * The board has asked Astrance Capital to proceed with the 
capital increase in the shortest possible time 
    * Said on July 1 that GB Holding Srl, an Astrance Capital 
unit, will pay 1.5 million euros by Sept. 2 and 3.5 million 
euros by Oct. 28, representing the remainder payment of a 10 
million euro capital increase  urn:newsml:reuters.com:*:nL8N19Q0UC 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA04368 
     
 Further company coverage:  ZUCI.MI   
    
 
 
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