Ozon Holdings PLC - ADR

NASDAQ:OZON   3:59:54 PM EDT
11.54
-1.09 (-8.63%)
Debt Financing / Related

Russia's Ozon Says Is In Process Of Entering Into Standstill Agreement With Number Of Bondholders

Published: 05/31/2022 11:55 GMT
(OZON) - Notifies of a Potential Event of Default on Its $750 Million 1.875% Senior Unsecured Convertible Bonds Due 2026.
Is in the Process of Entering Into a Standstill Agreement With a Number of the Holders of the Bonds.
Believes That It Will Reach an Agreement on the Terms of the Restructuring in the Near Term.
Aiming to Finalize the Long-term Restructuring of the Bonds Within the Current Financial Year.
Plans to Continue to Operate As Usual.
Further Company Coverage: Ozono (gdansk Newsroom).
((gdansk.
Newsroom@thomsonreuters.
Com; +48 58 769 66 00;)).