European Lingerie Group AB announces failure to pay bond interest due on 22 May 2020
European Lingerie Group AB (the "Company") announces failure to pay interest due on 22 May 2020 under the terms and conditions for its up to EUR 60,000,000 senior secured bonds with ISIN SE0010831792 ("Terms and Conditions").As previously announced, the Company is experiencing adverse financial circumstances as a consequence of the extraordinary world-wide events arising due to the COVID-19 pandemic. The Company has initiated actions to mitigate the effects of the virus to ensure that the Company can operate on a sustainable financial platform both during and after the pandemic. The Company