European Lingerie Group AB provides updated information regarding the voluntary restructuring of the company and its bonds
European Lingerie Group AB ("ELG") announces that ELG, its subsidiaries SIA European Lingerie Group and LSEZ Lauma Fabrics SIA, its major shareholders Helike Holdings OÜ and Bryum Capital Ltd, the Bondholder Committee, Intertrust (Sweden) AB as agent representing the bondholders, AS Rietumu Banka as lender and its affiliated company RB ELG SIA as equity investor, today have entered into an agreement to extend the Lock-up Period (as defined in ELG’s press release of 14 April 2021) and the time period to complete the first closing of the restructuring of ELG and its bonds to 29 June 2021.ELG