Cherry to pay consent fee on bond loan.
M2 EQUITYBITES-February 6, 2018-Cherry to pay consent fee on bond loan
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Gaming company Cherry AB (STO:CHERB) announced on Monday a payment of consent fee in connection with its EUR 200,000,000 senior secured bonds 2016/2020.
Reportedly, on 22 December 2017, a notice of written procedure was sent to the bondholders, regarding a request of certain amendments of the terms and conditions. The written procedure was approved 22 January 2018.
Following this approval of the written procedure, a consent fee will be paid to the bondholders who were registered as bondholders in the issuer's debt register kept by Euroclear Sweden on the consent fee record date, originally planned to be 29 January 2018.
This consent fee record date has now been changed to 2 February 2018 and the payment of the consent fee is expected to be made on 9 February 2018 through Euroclear Sweden's account based system.
Cherry offers online gaming, gaming technology, performance based marketing, game development and restaurant casino services.
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