February 23, 2018 / 9:10 AM / 4 months ago

BRIEF-WeSC Reaches Agreement Regarding Co's Long-Term Debts

* WESC HAS REACHED AN AGREEMENT REGARDING THE COMPANY’S LONG-TERM DEBTS AND PLANS A RIGHTS ISSUE‍

* WILL IN CONNECTION TO RECONSTRUCTION MOVE DESIGN AND PRODUCTION DEPARTMENTS TO OFFICE IN NEW YORK​

* ‍ACQUIRES INTEREST-BEARING DEBTS CONSTITUTING SLIGHTLY MORE THAN 80 PERCENT OF SUBSIDIARY WE INTERNATIONAL AB’S TOTAL DEBT​

* ‍SUBSIDIARY EXPECTS TO HAVE A POSITIVE COMPOSITION OF ABOUT SEK 32.0 MILLION OR 75 PERCENT OF TOTAL DEBTS​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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