Solocal: agreement in principle with creditors and shareholders

(CercleFinance.com) - Solocal Group announces that it has reached a major milestone in its financial restructuring, by signing an agreement in principle with Ycor, the main lenders under the RCF, the main bondholders and the Mini Bond, and its main shareholders.


In addition to meeting the company's objectives of substantially reducing its indebtedness and securing the group's liquidity, this agreement opens up new value-creating prospects thanks to short-term synergies", it states.

The intelligence services group specifies that, following the envisaged operations, it would be controlled by Ycor, and that its current shareholders would be massively diluted (their existing shares would represent less than 1% of Solocal's capital).

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