'Endor AG Agrees On Further Steps As Part Of Exclusive Negotiations With Strategic Investor CORSAIR; Corsair Will Take Over Endor AG In Full And Provide It With Sufficient Financial Resources; Endor Is Currently Leveraged With Around €70 Million; A...
'Endor AG Agrees On Further Steps As Part Of Exclusive Negotiations With Strategic Investor CORSAIR; Corsair Will Take Over Endor AG In Full And Provide It With Sufficient Financial Resources; Endor Is Currently Leveraged With Around €70 Million; A...
'Endor AG Agrees On Further Steps As Part Of Exclusive Negotiations With Strategic Investor CORSAIR; Corsair Will Take Over Endor AG In Full And Provide It With Sufficient Financial Resources; Endor Is Currently Leveraged With Around €70 Million; A Binding Agreement Is Expected To Be Signed In Mid-June And Submitted To Restructuring Court In Munich In Near Future' - FT
“作爲與戰略投資者CORSAIR獨家談判的一部分，Endor AG同意採取進一步措施；Corsair將全面接管Endor AG併爲其提供足夠的財務資源；Endor目前的槓桿作用約爲7,000萬歐元；一項具有約束力的協議預計將於6月中旬簽署，並在不久的將來提交慕尼黑重組法院”-英國《金融時報》
As part of the restructuring negotiations entered into on 9 May 2024, the Management Board of Endor AG has agreed on concrete steps with CORSAIR (NASDAQ:CRSR) with the approval of the lending banks and the Supervisory Board.
作爲2024年5月9日開始的重組談判的一部分，經貸款銀行和監事會批准，Endor AG管理委員會已與CORSAIR（納斯達克股票代碼：CRSR）商定了具體步驟。
As a first step, CORSAIR will provide interim financing, which will be made available in tranches in the short term in line with the company's maturity profile.
作爲第一步，CORSAIR將提供臨時融資，該融資將在短期內根據公司的到期日分批提供。
"During the exclusive negotiations, we perceived CORSAIR as a reliable partner that not only has the financial resources, but also knows our market well and wants to invest for the long term," says Andres Ruff, CEO and Chief Restructuring Officer of Endor AG. "Following a comprehensive review, the lending banks also decided not to support other restructuring offers because they did not believe they were suitable to avert the threat of insolvency."
Endor AG首席執行官兼首席重組官安德烈斯·拉夫表示：“在獨家談判中，我們將CORSAIR視爲可靠的合作伙伴，不僅擁有財務資源，而且非常了解我們的市場並希望進行長期投資。”“經過全面審查，貸款銀行還決定不支持其他重組提議，因爲他們認爲這些提議不適合避免破產的威脅。”
CFO Matthias Kosch adds: "The successful avoidance of insolvency is the direct result of the work of a dedicated team. As part of the open-ended professional investor process, we scrutinised and evaluated various offers. We are confident that the acceptance of CORSAIR's offer will secure Endor's future in the long term."
首席財務官馬蒂亞斯·科施補充說：“成功避免破產是專門團隊工作的直接結果。作爲開放式專業投資者流程的一部分，我們審查和評估了各種報價。我們相信，接受CORSAIR的提議將確保Endor的長期未來。”
As already communicated, Endor AG is to be restructured outside of insolvency proceedings in accordance with the German Act on the Stabilisation and Restructuring of Companies (StaRUG) due to imminent insolvency. A binding agreement is expected to be signed in mid-June and submitted to the restructuring court in Munich in the near future.
正如已經通報的那樣，由於即將破產，Endor AG將根據《德國公司穩定和重組法》（StarUg）在破產程序之外進行重組。一項具有約束力的協議預計將於6月中旬簽署，並在不久的將來提交給慕尼黑的重組法院。
As part of the restructuring, CORSAIR will take over Endor AG in full and provide it with sufficient financial resources to stabilise the company without external debt. Endor is currently leveraged with around EUR 70 million.
作爲重組的一部分，CORSAIR將全面接管Endor AG，併爲其提供足夠的財務資源，以在沒有外債的情況下穩定公司。Endor目前的槓桿率約爲7,000萬歐元。
譯文內容由第三人軟體翻譯。