Maximum Entertainment AB (publ) OMXSTO:MAXENT_B:
SAID ON TUESDAY MAXIMUM ENTERTAINMENT ENTERS INTO RESTRUCTURING TERM SHEET TO SECURE FOR LONG-TERM CAPITAL STRUCTURE AND GROUP REORGANIZATION
RESTRUCTURING TERM SHEET WITH ONE OF ITS MAIN LENDERS, OLIVINE HOLDINGS
NEW HOLDING ENTITY IN UNITED STATES WILL BE FORMED
UPON COMPLETION OF RESTRUCTURING, LENDER WILL OWN 67.5% OF NEWCO AND 32.5% WILL BE OWNED BY MAXIMUM ENTERTAINMENT
LINE OF CREDIT FINANCING OF USD 2.1 MILLION WILL BE PROVIDED BY LENDER
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Further company coverage: [MAXENTb.ST]