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16.02.21 )
gategroup Holding AG (“gategroup”, the “Company” and together with its subsidiaries, the “Group”), announces that an explanatory statement has today been published to Bondholders and Senior Lenders in connection with gategroup Guarantee Limited s (the Plan Company ) financial restructuring plan designed to position the Company for a post-COVID future.
As announced on 26 November 2020, the Group, its shareholders, RRJ Capital and Temasek (the Shareholders ) and all of the Group’s bank lenders under the senior facilities agreement dated 30 November 2018 (the Senior Lenders and the SFA , respectively) have agreed to the key terms and conditions of a recapitalisation of the Company and amendment of the terms of the Group’s financial indebtedness (the “Transaction”).