Independent journal on economy and transport policy
23:53 GMT+1
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Premuda has undersigned with banks the agreements of standstill creditors
the objective is to reach stipulates of the definitive agreements within the next October
July 22, 2015
The Italian shipowning society Premuda has announced to have undersigned yesterday with banks creditors the agreements of standstill (pacta de not petendo) in force of which the banks formalize own intention not to act for the payment than they had in relation to various contracts of financing and to continue in good faith in the negotiations times to conclude or more agreements than restructure of the debit with Premuda and the controlled societies from the same one, with the objective to stipulate the definitive agreements within the month of October 2015.
The shipowning society has remembered that at the end last month it had communicated the imminent insorgence of case problems that could put to risk the business continuity and that successively it had obtained the availability of the banks, subject to the confirmation by the respective competent organs, about the signature of agreements of standstill that they would have allowed with the society to continue to operate in the blackberries of the relative negotiation to the agreements of restructure of the debit of the societies of the group, agreements of standstill that they are signed yesterday ( of 22 and 29 june 2015).
Premuda has evidenced that "in the light of such important passage the society and its controlled will be able to continue the management of own activity being started a series of operations of dismissioni of assets, previewed in the financial plan of reorganization of the group introduced to the banks, that they will allow to resolve the liquidity problems that were being manifested".
"The reached agreements - it has concluded the Italian shipowning company - constitute therefore a fundamental step towards the positive conclusion of the process of restructure of the indebtedness of the societies of the group, with the objective municipality to reach stipulate of the definitive agreements within the month of October 2015".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Italian shipowning society Premuda has announced to have undersigned yesterday with banks creditors the agreements of standstill (pacta de not petendo) in force of which the banks formalize own intention not to act for the payment than they had in relation to various contracts of financing and to continue in good faith in the negotiations times to conclude or more agreements than restructure of the debit with Premuda and the controlled societies from the same one, with the objective to stipulate the definitive agreements within the month of October 2015.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
