European Lingerie Group AB informs on the outcome of the written procedure under the bond terms and conditions
On 13 December, 2019 European Lingerie Group AB ("ELG" and together with its subsidiaries from time to time, the “Group”) announced that it is formally initiating a written procedure (the "Written Procedure") under the terms and conditions (the "Terms and Conditions") for ELG's up to EUR 60,000,000 senior secured floating rate bonds due 2021 with ISIN SE0010831792 (the "Bonds"), whereby the holders of the Bonds (the "Bondholders") could approve or reject a proposal (the "Proposal") from ELG to waive a financial covenant breach and to make certain amendments to the Terms and Conditions as