Quello che sapevo e che mi aveva inviato il curatore per email, quindi nulla di nuovo.Sembra che stiano provando a tenere in piedi la baracca
The Court´s decision, together with the extension of the bridge facility loan received in December 2015, provides stability in order to achieve an consensual out-of-court restructuring of the capital and debt structure of Scholz Holding GmbH
London, 23. February 2016
The Commercial Court of Vienna has approved the deferral until 31 May 2016 of the interest payment due on 8 March 2016 in respect of the EUR 182.5m 8,5% Austrian law governed bond 2012-2017 (ISIN AT0000A0U9J2/ WKN A1MLSS). The decision was made on application of Dr. Ulla Reisch, the court-appointed Curator for the bondholders.
The deferral provides the stability required to allow Scholz Holding GmbH to continue the negotiation of a consensual restructuring of its capital and debt structure with its financial creditors as well as to continue its equity investor process. Several potential investors remain willing in principle to provide new equity to the business in order to fund future growth provided the financial restructuring of the current capital and debt structure proves successful.
This stability is further bolstered by the bridge facility loan of up to EUR 50m (received by the Scholz Group in December 2015) being extended in parallel.
Michael Thomas, Chief Restructuring Officer (CRO) of Scholz Holding GmbH, comments: “The deferral of the bond interest payment as well as the extension of the bridge facility loan clearly demonstrates the willingness of our major financial counterparties to seek a consensual financial restructuring of Scholz Holding GmbH”.
Quello che sapevo e che mi aveva inviato il curatore per email, quindi nulla di nuovo.
Mi accontenterei anche di un haircut del 50 %!
Sembra che stiano provando a tenere in piedi la baracca
The Court´s decision, together with the extension of the bridge facility loan received in December 2015, provides stability in order to achieve an consensual out-of-court restructuring of the capital and debt structure of Scholz Holding GmbH
London, 23. February 2016
The Commercial Court of Vienna has approved the deferral until 31 May 2016 of the interest payment due on 8 March 2016 in respect of the EUR 182.5m 8,5% Austrian law governed bond 2012-2017 (ISIN AT0000A0U9J2/ WKN A1MLSS). The decision was made on application of Dr. Ulla Reisch, the court-appointed Curator for the bondholders.
The deferral provides the stability required to allow Scholz Holding GmbH to continue the negotiation of a consensual restructuring of its capital and debt structure with its financial creditors as well as to continue its equity investor process. Several potential investors remain willing in principle to provide new equity to the business in order to fund future growth provided the financial restructuring of the current capital and debt structure proves successful.
This stability is further bolstered by the bridge facility loan of up to EUR 50m (received by the Scholz Group in December 2015) being extended in parallel.
Michael Thomas, Chief Restructuring Officer (CRO) of Scholz Holding GmbH, comments: “The deferral of the bond interest payment as well as the extension of the bridge facility loan clearly demonstrates the willingness of our major financial counterparties to seek a consensual financial restructuring of Scholz Holding GmbH”.
Ma è chiaro. Si sta rivedendo la stessa identica procedura di alpine dove addirittura fu coinvolto anche lo statoIl mercato non ha reagito bene come pensavo...