IOG plc has agreed with bondholders a further waiver to 29 September over certain terms, including interest repayment, of its €100 million senior secured bond.
BOARD OBSERVER
The company said it had received support from bondholders controlling more than 70% of the voting bonds, representing 100% of the votes cast.
The agreement results in the repayment price of the bonds increasing to 105% of par value.
IOG also agreed that a board observer would attend board meetings and advise the company on short and medium-term financial measures.