Ymagis : Restructuring agreement with the group’s creditors
>A financial restructuring plan to secure the group’s liquidity - After 10 months of negotiations, Ymagis yesterday evening announced that it had signed a financial restructuring agreement with all of its creditors (bondholders and banks). All in all, the agreement cuts the debt burden on the balance sheet in half (€ 28.1m pro-forma vs € 53.5m), securing the group’s liquidity and the group’s ongoing operating activity.A complex arrangement: write-off, re...YMAGIS develops a range of services for cinemas (financing, sales, installation, facilities management and maintenance of digital projection and sound equipment, and also advertising displays for entrance halls, projection booth and cinema management software, seats, etc.) and offers digital services to film distributors and producers (duplication and physical or electronic delivery of digital content, post production, mastering, restoration and preservation).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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