European Lingerie Group AB publishes unaudited 12 Months and Fourth Quarter 2019 Report and provides an update on the Amended Bond Terms and Conditions
European Lingerie Group AB („ELG“ or the „Group“) publishes unaudited 12 Months and Fourth Quarter 2019 Report (1 January – 31 December 2019), including pro forma and condensed interim consolidated financial statements.· The Group reported in the report for nine months and third quarter 2019 that the Group’s Net Interest Bearing Debt to EBITDA ratio exceeded the maximum 4.25 allowed under the maintenance test of the Original Bond Terms and Conditions issued on 22 February 2018. · On 13 December 2019, the Parent company of the Group announced that it is formally initiating a written