(Boursier.com) — Kerlink has finalized an agreement with all of its banking partners relating to the restructuring of the group’s financial debts.
Negotiations initiated with banking partners on May 16 resulted in a global agreement on October 20. The Kerlink group has obtained the following adjustments…
– For loans in amortization on May 16, 2023: capital exemption from loan maturities for a period of 18 months from May 16, 2023 with extension of the maturity of said loans by 18 months;
– For a loan already on deferred amortization as of May 16, 2023: extension of the maturity of the loan by 18 months, without additional deductible.
The financial debts, which were the subject of this agreement, amounted to 11.4 ME on June 30
As a result of this agreement, 3 ME of current financial debts as of June 30, 2023 will be reclassified as non-current debts in the presentation of the accounts of December 31, 2023.
The Group also specifies that it has frozen the payment of its tax and social security due dates.relating to the period from May to August 2023 and having obtained a spread of the settlement of the debt of 733kE constituted, over 24 months, from November 20.
This agreement allows Kerlink to secure its financial situation. It comes as the company has embarked on an offensive strategy of commercial reconquest, the first benefits of which should materialize from the 4th quarter of the 2023 financial year.
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