Long term framework agreement with lenders / Loan restructuring / Sales fall 25% in first quarter of 2009

摘要

Plastics profile manufacturer Deceuninck (Hooglede-Gits / Belgium; www.deceuninck.com) has reached a long term framework agreement with its lender banks on the restructuring of its loans. The company said in March that it was negotiating with its major shareholders on terms of financial restructuring. The agreement covers an overall refinancing of existing loans with lender banks in one single agreement for a period of four years, as well as an amendment to the conditions of the loan notes, including an extension of the term of the notes to five years.