S&T Restructuring: Agreement with Banks Concluded

S&T Restructuring: Agreement with Banks Concluded / Picture: © S&T Austria GmbH

Consequent to the agreement in principle with the banks, S&T has now successfully completed the detailed negotiations. The funding package approved provides equal treatment of all creditors, the postponement of the bonds to initially due in 2011 until 1 April 2012 at first and provides the basis to successfully conclude the discussions with investors.

In the course of the…