Scholz Holding GmbH
Scholz Holding GmbH: Scholz Holding GmbH has opened discussions with the bond curator to secure a deferral of the upcoming interest payment
DGAP-News: Scholz Holding GmbH / Key word(s): Bond Press Release Scholz Holding GmbH London, 12. February 2016 Scholz Holding GmbH has opened discussions with the bond curator to secure a deferral of the upcoming interest payment – An interest deferral would provide a stable platform for the continuation of the financial restructuring and the investor process – Discussions with financial creditors and potential investors continue to be constructive Scholz Holding GmbH has opened discussions with Dr Ulla Reisch, the bond curator appointed by the Commercial Court in Vienna, to secure a deferral of the interest payment on the Euro 182.5 million 8.50% Austrian law governed bond 2012-2017 (ISIN AT0000A0U9J2 / WKN A1MLSS) that is due on 8 March 2016. The deferral of the interest payment, which amounts to around Euro 15.5m, would create a stable platform for the continuing financial creditor negotiations as well as the ongoing investor process. Scholz Holding GmbH is in constructive negotiations with its financial creditors on a comprehensive restructuring of its financial liabilities on a fully consensual basis and has been greatly encouraged by the continuing positive discussions with it main financial lenders. The investor process for Scholz Holding GmbH also continues apace with several potential investors remaining willing in principle to provide new equity to the business to fund future growth, on the basis a financial restructuring of the current capital and debt structure proves successful. Furthermore, agreement has been reached with all shareholders of Scholz Holding GmbH which will permit a restructuring transaction to be implemented on a timely basis once a new capital structure has been agreed with financial creditors and prospective investors. Contact details:
2016-02-12 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Scholz Holding GmbH | |
Berndt-Ulrich-Scholz-Straße 1 | ||
73457 Essingen | ||
Germany | ||
Phone: | +49 7365 84-0 | |
Fax: | +49 7365 1481 | |
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 |