European Lingerie Group AB informs on new terms of the Standstill Agreement
European Lingerie Group AB (“ELG” or “Company” and together with its subsidiaries from time to time, the “Group”) had previously announced, that on 29 July 2020 ELG and its principal shareholders had reached a standstill agreement and signed a respective standstill letter (“Standstill Letter”) with certain holders of the Bonds, representing approximately 60 per cent of the Total Nominal Amount of the Bonds (the “Bondholder Committee“), regarding ELG’s defaults under the Terms and Conditions as well as a cooperation between ELG and the Bondholder Committee to explore and execute a potential