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INI-367/14

MERCATOR, d.d., Ljubljana

Mercator reaches agreement on financial restructuring with banks

Pursuant to the Rules and Regulations of the Ljubljana Stock Exchange, d.d, and the relevant legislation, the company Poslovni sistem Mercator, d.d., hereby informs the shareholders and the public of the following:

 

The Management Board of the company Poslovni sistem Mercator, d.d., is pleased to announce that it has received signed commitments from all required bank lenders to the Mercator Group, to implement the proposed financial restructuring on the basis of the detailed legal and commercial terms that are now agreed with all this lenders.

This represents a significant milestone in the financial restructuring of the Mercator Group. Creditors have expressed strong support for the Mercator Group and provided the necessary support and stability to complete the implementation of the financial restructuring.

The financial restructuring of the Mercator Group is one of the largest and most complex financial restructurings in the region. The restructuring process, that started in early 2013, has been extremely challenging due to the existence of several inter-related processes connected with the Mercator Group, due to the large number of creditors, the broad range of financial instruments, the multiple jurisdictions involved and due to the lack of financial restructuring infrastructure in the region. The Mercator Group believes that this financial restructuring will not only benefit the Mercator Group, but will bring important knowledge in financial restructuring processes to the wider region of Central and Eastern Europe.

Based on the commitments received, the Mercator Group shall, together with its advisors, prepare all requisite financial documentation to complete the process of financial restructuring.

 

 

This announcement will be published on the company’s website at www.mercator.si as of April 25, 2014, and will remain posted for a period of at least five years.

Poslovni sistem Mercator, d.d.
Management Board
Date: 25.04.2014