Ymagis: extension of the standstill agreement until 26 November 2019
28 Octobre 2019 - 08:00AM
Ymagis: extension of the standstill agreement until 26 November
2019
Press ReleaseParis (France) – 28 October 2019
at 8:00 am
Ymagis: extension of the standstill
agreement until 26 November 2019
Ymagis Group (FR0011471291,
MAGIS), the European specialist in digital technologies
for the cinema industry, today announces the extension of the
standstill agreement with its financial creditors until 26 November
2019 in order to renegotiate the payment terms of the Group’s
financing, including but not limited to its current EuroPP
bondholders.
This new extension indicates the willingness of
Ymagis and its financial creditors to secure appropriate solutions
regarding their respective interests.
Next press release: 28 October 2019
(after stock market closing) – Third-quarter 2019
Revenue
ABOUT YMAGIS GROUPYmagis is a European leader in
advanced digital technology services for the cinema industry.
Founded in 2007, the Group is headquartered in Paris and has
offices in 22 countries with 750 employees. Our core business is
structured around four main units: CinemaNext (exhibitor services:
sales and field services, software solutions, customer
service/NOC), Eclair (content services: postproduction, theatrical
delivery, digital distribution, versioning and accessibility,
restoration and preservation), Virtual Print Fee (VPF) for finance
solutions and other activities (Virtual Reality). For more
information, please visit www.ymagis.com YMAGIS is listed on
Euronext Paris and is part of the CAC Small, CAC Mid and Small and
CAC All-Tradable indices. |
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- Ymagis_PR_ReportStandstill_20191028_EN