Attestor Limited provides up to EUR 100 million in liquidity for companies and fiduciary restructuring plan
Vienna (OTS) – By order of the Vienna Commercial Court dated December 28, 2023, restructuring proceedings with self-administration were opened over the assets of SIGNA Prime Selection AG and Abel Rechtsanwälte GmbH was appointed as restructuring administrator.
Mass loan of up to EUR 100 million from Attestor Ltd.
The asset manager Attestor Ltd. provides a mass loan of up to EUR 100 million for SIGNA Prime Selection AG. This allows the company’s liquidity to be significantly stabilized with the aim of structured utilization of the assets. The trust restructuring plan adopted by the creditors as part of the restructuring plan agreement of March 18, 2024 thus receives a stable financial basis. Those involved have agreed not to disclose details of the mass loan.
As stated, SIGNA Prime Selection AG intends to meet the confirmation requirements for the trust restructuring plan by the end of April 2024. The general meeting at the beginning of April 2024 will also be considered in this context.
As part of the restructuring plan, all usable assets will be made available to the creditors to satisfy their claims and will be handed over to ABEL Rechtsanwälte GmbH as trustee after the restructuring plan has been legally confirmed.
A restructuring process is not public. SIGNA Prime Selection AG has agreed to the publication of this press release.
