TV-Loonland has finalized its debt restructuring plan. As part of the refinancing agreement, a US$26.8 million banking debt has been reduced to US$8 million, and a minimum capital increase of US$2.6 million will be carried out.
Subsequent to the influx of new capital, the US$18.7 million waived by the banks is being converted into a maximum 10% share in the company.
The full details of the restructuring package will be presented to Loonland shareholders for approval at the company’s forthcoming AGM.
Newsletter
