Subject: In-Principle Agreement on Comprehensive Recapitalization and Liquidity InjectionIn-Principle Agreement • September 24th, 2019
Contract Type FiledSeptember 24th, 2019Following the announcement released on 12 September 2019, Lecta (the “Company”) is pleased to announce that holders of the majority of the 2022 and 2023 Senior Secured Notes (together, the “Notes”), holders of the majority of the debt under the Revolving Credit Facility (the “RCF”), and the controlling shareholders have reached an in-principle agreement with the Company on (i) a comprehensive recapitalization of the Lecta group (the “Recapitalization”), and (ii) the provision of additional liquidity support through new working capital facilities (the “WC Facilities”).