By
Reuters API
Reuters API
Published
Jun 27, 2018
Jun 27, 2018
Steinhoff asks for three-week debt standstill extension
By
Reuters API
Reuters API
Published
Jun 27, 2018
Jun 27, 2018
Steinhoff has asked for a further three-week breathing space from its creditors to allow it time to finalise a debt restructuring agreement, the retailer said on Wednesday.
Creditors had agreed not to enforce their rights until the end of the month to allow Steinhoff time to agree a debt restructuring agreement with its lenders.
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