Solocal Signs Restructuring Deal With Ycor, Creditors, Holders

Solocal agreement in principle includes EU43 million in equity, according to emailed statement.

• Also includes a reduction in the nominal amount of the company’s bond debt by about 85%
  • A partial repayment of existing RCF debt
  • Contribution in kind of all shares issued by Regicom Webformance to the company
• Says deal “substantially” reducing its indebtedness and secures its liquidity
• NOTE: Solocal Received Two Offers as Part of Restructuring Process
• Shares are currently suspended

To contact the reporter on this story:
Jenny Che in Paris at jche21@bloomberg.net

To contact the editors responsible for this story:
Wout Vergauwen at wvergauwen@bloomberg.net

Charles Capel ...