Aug 31 (Reuters) - Quintis Ltd (QIN)
- Forbearance agreement with noteholders
- Provides update on company's 8.75 pct senior secured notes
- Negotiates forbearance agreement with noteholders
- Has executed a forbearance agreement with a significant majority of noteholders
- Forbearance agreement will continue until 1 March 2018
- In agreement noteholders agree to refrain from taking enforcement action on default arising from non-payment of 1 aug instalment of interest
- Company is continuing discussions with a number of parties in relation to a recapitalisation
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