Jan 26 (Reuters) - Steinhoff International Holdings NV :
* SAYS CO IS HOLDING A MEETING WITH CERTAIN OF ITS EUROPEAN-BASED FINANCIAL CREDITORS
* AFTER DEC 19, GROUP HAS CONTINUED TO ENGAGE WITH CREDITORS ON AN AD HOC BASIS ALSO HELD UPDATE MEETINGS WITH SOUTH AFRICAN BANKS ON DEC 21 AND JAN 10
* ALSO HELD UPDATE MEETING WITH CERTAIN EUROPEAN-BASED FINANCIAL CREDITORS ON JAN 26
* SAYS PWC INVESTIGATION ONGOING , TIMING OF 2017 ACCOUNTS AND PRIOR YEAR RESTATEMENTS TO BE CONFIRMED IN CONTEXT OF PWC PROCESS
* QUARTERLY GROUP TRADING UPDATE EXPECTED LAST WEEK OF FEBRUARY IN LINE WITH USUAL REPORTING TIMETABLE
* COMMITMENT LETTER SIGNED FOR ABL FACILITY OF €115M, EXECUTION EXPECTED ON JAN 29 ALONG WITH FIRST DRAWDOWN
* UK OPCO SHORT TERM FUNDING SECURED ON A LOCAL BASIS AND UK OPCO FINANCING OF £260M HAS BEEN RAISED TO DATE
* ASIA PACIFIC BUSINESSES CONTINUE DISCUSSIONS WITH THEIR BANKS TO SECURE ADDITIONAL FUNDING BY MID FEBRUARY
* KIKA LEINER BUSINESS FACED LIQUIDITY CHALLENGES,RESTRUCTURING PLAN NOW AGREED ON JAN 24
* GROUP IS WORKING TO REPAY ALL THE DEBT OF THE SOUTH AFRICAN HOLDING COMPANIES IN THE NEAR-TERM
* CONTINUES TO TAKE STEPS TO MAINTAIN STABILITY OF ITS OPERATIONS AND IMMEDIATE OPERATIONAL LIQUIDITY REQUIREMENTS HAVE BEEN LARGELY ADDRESSED
* AGREED WITH SOUTH AFRICAN LENDERS THAT AFRICAN SUBSIDIARIES WILL REPAY €200 MILLION OF INTERCOMPANY LOANS DUE TO NON-SOUTH AFRICAN ENTITIES FROM PSG SHARE SALE PROCEEDS Source text: (bit.ly/2DREfyA) Further company coverage: