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News: LAW Lawfinance Update On Existing Debt Facilities And Debt Restructure

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    26/04/23
    10:25
    Post #: 67453021

    April 26 (Reuters) - Lawfinance Ltd (LAW) :

    • UPDATE IN CONNECTION WITH ITS EXISTING DEBT FACILITIES AND FUNDING TRANSACTION AND DEBT RESTRUCTURE
    • FOLLOWING TRIGGER OF EVENT OF DEFAULT ON 21 APRIL, CERTAIN MAJORITY LENDERS AGREED NOT TO TAKE ANY ENFORCEMENT ACTION FOR THEIR DEBT
    • CONTINUING DISCUSSIONS WITH SECURED TERM SYNDICATED FACILITY AGREEMENT LENDERS WHO ARE NOT YET IN SUPPORT OF FUNDING TRANSACTION
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