The Alno grou has again made major changes to its financing concept. Although the income from the capital increase completed in November 2012 paid off the main bank debts, as a result of which securities worth a three-figure million amount were released back to the company, it has not yet been possible to implement the follow-up financing with new banks planned in the "Rescue Agreement III" concluded in the summer of 2012. Instead of the envisaged new bank loans totalling almost €40m, a high-interest medium-sized-business bond is to become part of corporate financing. In addition, on 11 April, a moratorium and loan agreement were signed with Bauknecht and Comco, respectively.
Alno again sets up new financing concept
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