La Seda de Barcelona SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
La Seda de Barcelona SA Hopes To Halt Insolvency With Debt Deal-Reuters
Reuters reported that La Seda de Barcelona SA will ask shareholders to approve its debt refinancing plan and allow it to withdraw from insolvency proceedings on June 26, 2013. The Company said in a stock market notice on June 25, 2013 that it had reached a preliminary deal to refinance 75% of its syndicated debt with creditors, after saying last week it would file for insolvency. The Company should now be able to restructure EUR 235 million (USD 307 million) of syndicated debt following the agreement, with over half its creditors signing up to refinance 75.4% of the debt.
Latest Developments for La Seda de Barcelona SA
- Bankruptcy Administration Of La Seda de Barcelona SA Presents Agreement Proposal In Commercial Court No. 1 Of Barcelona
- Commercial Court No. 1 Of Barcelona Authorizes Sale Of La Seda de Barcelona SA’s Stake In Artenius Turkpet AS
- La Seda de Barcelona SA Requests Authorization For Selling Production Units Of Its Subsidiaries And Its Shares In Artenius Turkpet AS Under Insolvency Procedure
- Commercial Court No. 1 of Barcelona Appoints Insolvency Administrator of La Seda de Barcelona SA
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