Beskrivning
| Land | Norge |
|---|---|
| Sektor | Fastigheter |
| Industri | Förvaltning |
2023-01-10 12:59:07
Porsgrunn, 10 January 2023: Reference is made to the stock exchange
announcements by Recreate ASA ("Recreate" or the "Company") on 11 November, 21
November and 22 December 2022, respectively, regarding the Company's stressed
liquidity situation, cost reducing measures and agreements with its financial
creditors.
Recreate is pleased to announce that credit committee approval from the final
financial creditor has today been obtained and that all financial creditors have
now confirmed their acceptance to suspend payment of amortization and to extend
loan maturities to mid October 2023 on certain agreed terms and subject to
satisfactory documentation, while trade creditors are serviced in ordinary
course. The group continues to further implement cost reducing measures as well
as developing a long-term sustainable platform for the group to refinance the
debts and to strengthen its position to face challenges ahead.
The group is also continuing to explore opportunities to sell certain
properties.
ABG Sundal Collier ASA and Advokatfirmaet Thommessen AS are acting as the
Company's advisors.
For further information, please contact:
Emil Eriksrød, CEO
emil.eriksrod@recreate.no
+47 415 22 463
Eirik Engaas, CFO
eirik.engaas@recreate.no
+47 934 99 340