Cherry simplifies the Group’s legal organization and intends to amend its bond terms
The Board of Directors of Cherry AB (publ) – STO: CHER-B.ST – has decided to initiate a process aimed at simplifying the Group’s legal structure and increasing the flexibility of outstanding bond loan.Cherry has instructed Nordic Trustee, the agent for Cherry’s outstanding bond loan of approximately EUR 179.9 million, with ISIN SE0008321616, to initiate a written procedure aimed at inter alia adjusting the covenants of the bond, to facilitate changes in Cherry’s legal structure and to increase the company’s financial flexibility. The adjustments, which are intended to be implemented during