Funcom will live one more year (at least): debts potsponed

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Chrisax
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Funcom will live one more year (at least): debts potsponed

Post by Chrisax »

On October 12, Funcom asked their bondholders to defer (postpone) their debts by one year, to allow the company to make money (the game/experience The Park being one means among others to achieve that) and re-stabilize financially.

On October 26, in a general meeting, the bondholders unanimously agreed on deferring the company's debts.

Funcom N.V. Announcement

Published on (10-26-2015)

The bondholders' meeting regarding convertible bond issue number ISIN NO 001 063043.7, summoned by Nordic Trustee ASA on behalf of Funcom N.V. was held today, 26 October 2015.

The meeting adopted all of the proposed resolutions. [defer debts]

Please, refer to the attached Notice issued by Nordic Trustee ASA.

Attachments):

Notice issued by Nordic Trustee ASA
http://www.funcom.com/investors/funcom_ ... ouncement1

Official statement by Nordic Trustees
http://www.newsweb.no/newsweb/attachmen ... tId=141804
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Chrisax
President
Posts: 23045
Joined: Wed Apr 19, 2006 1:08 pm

Re: Funcom will live one more year (at least): debts potsponed

Post by Chrisax »

First article about it:
http://massivelyop.com/2015/11/04/funco ... oms-debts/
(spotted by Navian, thx)
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