Ymagis SA

12/02/2019 | Press release | Distributed by Public on 12/02/2019 11:31

Ymagis S.A announces unanimous financial restructuring agreement with its bondholders and bank creditors

Ymagis Group (FR0011471291, MAGIS, PEA-PME), the European specialist in digital technologies for the cinema industry, today announced that an agreement has been reached with all its bondholders and bank creditors for a financial restructuring plan (the 'Restructuring Agreement') that meets the three objectives set by the Company during talks with its creditors:

  • Reduce the total amount of the Group's net financial debt;
  • Further strengthen the capital of the Company and the Group;
  • Rescheduling the repayment of the residual debt.

The Restructuring Agreement has been unanimously approved by its bondholders and bank creditors.