Brief: Online Brands Nordic: Requirements For Composition Negotiations Met

Online Brands Nordic AB

14/12/2020 09:03

Dec 14 (Reuters) - Online Brands Nordic AB (publ)  OBAB.ST :
    * SAID ON FRIDAY REQUIREMENTS FOR COMPOSITION NEGOTIATIONS
WERE
MET AND BORÅS DISTRICT COURT HAS DECIDED ON NEGOTIATIONS
    * PROVIDED THAT COMPOSITION PROPOSAL OF 75% DEBT WRITE-DOWN
IS
APPROVED, THE COMPANY'S DEBT WILL BE REDUCED BY ABOUT SEK 6.2
MILLION

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQNb562s2
    
 Further company coverage:  OBAB.ST  
   


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