July 03, 2017 8:45 AM

As a result of the agreements relating to the modification of the conditions precedent to the implementation of the €910.8 million debt rescheduling agreement of March 6, 2017, and particularly the timetable for obtaining new financing and the repayment of an advance granted to JACCAR Holdings during the negotiation of the proposed acquisition of gas activities, BOURBON announces that the fulfillment of the new conditions means that the deadline for the definitive completion is now set at July 28, 2017 at the latest.

The main features of the reorganization of the major part of the company’s financial debt, applicable margins and maturities, remain unchanged.

“Bourbon has now secured the conditions for the success of its ‘Stronger for longer’ action plan, with the firm backing of financial institutions and ICBC Financial Leasing,” said Jacques de Chateauvieux, Chairman and Chief Executive Officer of BOURBON Corporation. “The group will be in a position to take advantage of the resumption of activity when it will occur.”