Cherry initiate written procedure to amend restructuring schedule
Cherry AB (publ) – STO: CHER-B.ST – has, as announced on 22 December 2017, initiated a process aimed at simplifying the Group’s legal structure and increasing the flexibility of outstanding bond loan.On 22 December 2017, Cherry instructed Nordic Trustee, the agent for Cherry’s outstanding bond loan of EUR 179,877,500, with ISIN SE0008321616, to implement 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