During this period, the Group is pursuing its discussions with its financial partners in order to deal with its debt and its cash flow requirements.
The Gascogne Group has obtained an agreement from its financial partners to extend until January 15, 2014 the freeze on the instances of default on the syndicated loan agreement, the freeze on the principal repayment schedule for the New Money loans and the suspension of the repayment of the guarantee invoked for the fine imposed by the European Commission.
Gascogne Group's loan repayment freeze extended until January 15, 2014
Dec 19, 2013. /Lesprom Network/. The Gascogne Group
has obtained an agreement from its financial partners to extend until January 15,
2014 the freeze on the instances of default on the syndicated loan agreement,
the freeze on the principal repayment schedule for the New Money loans and the
suspension of the repayment of the guarantee invoked for the fine imposed by
the European Commission, as the company said in the press release received by
Lesprom Network.
