BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News:
SoLocal Group (Paris:LOCAL):
Creditors (funds managed or advised by Paulson & Co., Monarch
Alternative Capital (Europe) Ltd and Amber Capital UK Holdings Ltd)
representing approximately 37% of the outstanding debt and parties to
the agreement with the Company on the revised financial restructuring
plan announced on 3 November 2016, have sent a letter to SoLocal Group
stating that they will no longer support a financial restructuring plan
that would not be accepted by the shareholders, and recommend that the
Company cancels the convening of the Creditors’ Committee planned for…
Read the full article at: http://www.businesswire.com/news/home/20161123005192/en/SoLocal-Group-Position-Creditors-Financial-Restructuring-Plan