Scholz Holding GmbH
Scholz Holding GmbH: Investor process for Scholz Holding GmbH in final stage
DGAP-News: Scholz Holding GmbH / Key word(s): Bond Press Release Scholz Holding GmbH London, 6. April 2016 Investor process for Scholz Holding GmbH in final stage Scholz Holding GmbH announces that further significant progress has been made over recent weeks on its investor process. Following a comprehensive due diligence exercise, the company has received two offers from potential investors and the Management Board is in the process of granting exclusivity to one potential purchaser. The transaction contemplated would lead to a significant deleveraging of the Scholz group, alongside a substantial injection of fresh liquidity to support business growth. The implementation of the transaction could be realised over the coming weeks. The transaction would encompass, amongst others, the restructuring of the EUR 182.5m 8.5% Austrian law governed bond 2012-2017 (ISIN AT0000A0U9J2 / WKN A1MLSS). Negotiations with the court-appointed Curator for the bondholders have been started. The Management Board’s intention remains to achieve a financial restructuring of Scholz Holding GmbH with all of its lenders on a consensual basis. Contact details:
2016-04-06 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Scholz Holding GmbH | |
Office Number: 610, 68 King William Street | ||
EC4N 7DZ London | ||
United Kingdom | ||
Phone: | 0044 20 7959 2291 | |
E-mail: | infoscholz@scholz-group.com | |
Internet: | www.scholz-group.com | |
ISIN: | AT0000A0U9J2 | |
WKN: | A1MLSS | |
Listed: | Open Market in Frankfurt ; Wien (Geregelter Freiverkehr / Second Regulated Market) | |
End of News | DGAP News Service |