OMNIA:  3,362   +32 (+0.96%)  23/07/2019 00:00

Omnia Holdings Announces Collaborative Engagement With Debt Providers

April 23 (Reuters) - Omnia Holdings Ltd:

* COLLABORATIVE ENGAGEMENT WITH DEBT PROVIDERS

* CO HAS ENGAGED IN COLLABORATIVE PROCESS WITH PRINCIPAL DEBT PROVIDERS PRIOR TO END OF FY2019

* ENGAGEMENTS WITH PRINCIPAL DEBT PROVIDERS INITIATED TO DEVISE, IMPLEMENT RESTRUCTURING OF EXISTING DEBT TO ENSURE LONG-TERM SUSTAINABILITY

* GROUP, DEBT PROVIDERS ASSESSING APPROPRIATENESS OF REQUIRED DEBT PACKAGE IN LIGHT OF CO'S OPERATIONAL CYCLE

* ALL OF CO'S PRINCIPAL DEBT PROVIDERS HAVE AGREED TO PROGRESS ALONGSIDE GROUP IN CONSIDERING A REVISED DEBT STRUCTURE

* THERE IS NO REQUIREMENT FOR ANY UNSCHEDULED REPAYMENT OR RECAPITALISATION Source text for Eikon: Further company coverage:

2019-04-23 07:29:36

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