Accentro - comment

Getting the first €9.8m of the €35m in super senior secured funding from bondholders is one step closer to completing the restructuring. The Ad Hoc group is keeping Accentro’s feet to the fire, and the next €9.4m is still under negotiation. The alternative is liquidation, so everyone is incentivised to remain cooperative, and our expectation remains that the restructuring gets done.  

https://investors.accentro.de/en/news/press-release/first-tranche-of-a-secured-bond-successfully-issued-as-part-of-the-interim