Legres announces that it has amended its standstill agreement with a group of bondholders representing approximately 56.50 % of the outstanding nominal amount of its senior bonds to extend the standstill period until 29 August 2025.
Legres AB (publ) (the “Company”) has previously announced by way of press release on 27 June 2025 that it has entered into a standstill agreement (the “Standstill Agreement”) with a group of major bondholders (the “Bondholder Committee”) representing approximately 56.50 per cent. of the total nominal amount of its SEK 325 million senior secured bonds with ISIN SE0020388700 (the “Bonds”). Capitalised terms used herein shall have the meanings ascribed to them in the terms and conditions of the Bonds.
The Company has today entered into an amendment agreement to the Standstill Agreement (the “Amendment Agreement”) for the purpose of extending the standstill period. Pursuant to the Amendment Agreement, the Company and the Bondholder Committee have agreed that from today’s date to and including 29 August 2025, the Bondholder Committee will not (and will not instruct the Agent to) accelerate any claims under the Bonds or take any enforcement actions under the Bonds. The purpose of the standstill agreement is to provide a stable platform for continued negotiations with the Bondholder Committee (including, but not limited to, negotiating the terms for a longer standstill period) and to support the ongoing strategic review process.
For more information, please contact:
Klaus Reimer, CEO
+45 40 99 55 25
klaus.reimer@sergel.com