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 and the other parties to the restructuring are currently finalising the remaining steps to implement the restructuring, which will include partial repayment on the Bonds in cash and a write down of the remaining nominal amount and the accrued and unpaid interest. Further information regarding the implementation of the restructuring and the repayment to the bondholders, including the relevant record date and payment date for repayment to the bondholders, will be announced in a separate press release when such information is available.
For further information regarding the restructuring, please be referred to ELG’s previous press releases available on ELG’s website (www.elg-corporate.com).
For more information, please contact:
European Lingerie Group AB
+371 2839 1256