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BRIEF-CHL not to reimburse fourth tranche of bond due 2018
July 3, 2017 / 10:17 AM / in 4 months

BRIEF-CHL not to reimburse fourth tranche of bond due 2018

July 3 (Reuters) - CENTRO HL DISTRIBUZIONE SPA:

* SAID ON FRIDAY IT WOULD NOT REIMBURSE THE FOURTH TRANCHE OF 6.0 PCT 2014-2018 CONVERTIBLE BOND

* TRANCHE AMOUNTS TO UP TO 1.6 MILLION EUROS AND INCLUDES AN INTEREST COUPON OF 0.2 MLN EUROS

* DECISION WAS THE RESULT OF NON FULFILMENT OF COMMITMENTS MADE BY SHAREHOLDERS FERNANDO AND FEDERIGO FRANCHI TO GIVE ADEQUATE FINANCIAL RESOURCES TO THE COMPANY

Source text: reut.rs/2si16dt

Further company coverage: (Gdynia Newsroom)

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