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Park Street — Capital/Financing Update 2017
Jul 14, 2017
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Download source fileKøbenhavn, 2017-07-14 13:02 CEST (GLOBE NEWSWIRE) --
The restructuring of Park Street Nordicom A/S is making further progress.
We have now finalised the terms for refinancing and restructuring of existing
facilities into long term debt from all key financial creditors. Park Street
Nordicom A/S will now proceed with the implementation of the new terms.
New terms for 99.6 % of the total existing debt have now been agreed with
financial creditors. There remain some uncertainties with one creditor
representing 0.4% of the debt, where the discussion is ongoing.
The impact of the new terms is in line with the EBVAT expectations for 2017
outlined in the 2016 Annual Report.
Andrew La Trobe Pradeep Pattem
Chairman CEO