QIN quintis ltd
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Oct 13 (Reuters) - Quintis Ltd (QIN) : Updates on company's...

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    13/10/17
    21:05
    Post #: 27897645

    Oct 13 (Reuters) - Quintis Ltd (QIN) :

    • Updates on company's 8.75% senior secured notes
    • Advised earlier it entered into a forbearance agreement with significant majority of noteholders for an Aug 1 interest payment
    • Forbearance agreement will continue until 1 Mar 2018 unless it is terminated earlier contingent to certain requirements
    • A majority of noteholders have agreed to extend deadline on the basis of certain requirements
    • Continuing discussions with a number of parties in relation to a recapitalisation
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