18.01.2018

Zugemailt von / gefunden bei: Steinhoff (BSN-Hinweis: Lauftext im Original des Aussenders, Titel (immer) und Bebilderung (oft) durch boerse-social.com aus dem Fotoarchiv von photaq.com)

Der Möbelhändler Steinhoff möchte sich von Instituen 200 Mio. Euro beschaffen, 60 Mio. Euro hat sich die Muttergesellschaft der heimischen Möbelfirmen kika und Leiner bereits gesichert. Hier der Auszug aus der Original-Meldung von Steinhoff:
 
European financing: The Company has obtained the support of its lenders in South Africa for inteim liquidity support for the Group’s European operations from the Group’s subsidiaries in South Africa.

Based on current projected near-term liquidity requirements in Europe, the Company is seeking support in the amount of €200 million. The first installment of €60 million will be received in the week ending 19 January 2018 (for which the Company has obtained the approval of the Group’s lenders in South Africa and the necessary regulatory consent).

The Company is seeking the necessary approvals and consent for further installments of the balance. It is expected that any funds so received will be available to meet business critical payments during the next phase of the Group's stabilisation plan. The Company has also been in recent discussions with several potential funders to provide liquidity facilities to the Group, including those who are existing creditors and/or investors in the Group. To date, additional external liquidity has not been obtained in the time available given the complexity of the Group structure and the terms of the existing financings, although additional external liquidity may be required in the future.

In the coming months, the Group expects to undertake the following measures to put in place further stabilisation measures and a de-leveraging plan, namely:
•   a refinancing and redemption of some or all of the financial indebtedness within South Africa. It is anticipated that this will have the effect of releasing additional funds which willbe used to provide any additional necessary liquidity for the remainder of the Group. The Company aims to complete this process as soon as practicable with the support of its
    lenders in South Africa;
•   the realisation of a limited number of assets to support additional liquidity for the Group as required, together with any external financings if needed; and
•   development of a plan to address the Group’s financial indebtedness.
Waiver proposals to be made to certain financial creditors

The Company has received support from its financial creditors in recent weeks in its efforts to maintain stability. To further build on those recent measures and to achieve a continuation of the Group, protection of its valuable trading assets and development of a plan to address its financial indebtedness, the Group will shortly be recommending that certain of its financial creditors support the Group by providing limited waivers under certain of the Group’s existing European financing arrangements. It is important to note that the waivers will not be proposed
in respect of: (i) the new and any subsequent financings of the Mattress Firm business; (ii) the recent financings of the Pepkor Europe (which includes Poundland UK) and Steinhoff UK sub-groups (and any subsequent financings for those sub-groups); (iii) the financing arrangements of the South African businesses of the Group; (iv) the financing arrangements of the Australian businesses of the Group; or (v) the local financings of the Conforama sub-group.

The Group will be seeking responses to its proposals for the above-mentioned waivers in the coming weeks and will provide an update in due course. While the Company is confident that it will receive sufficient support from its relevant finance providers to obtain these limited waivers (once proposed), there can be no assu ance that the Company will be able to reach agreement with its finance providers on acceptable terms or at all.

Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group.

kika MöbelhandelsgesmbH: kika Dornbirn feiert große Neueröffnung – und David Alaba lädt ganz Österreich zum Mitfeiern ein (Fotocredit: kika Möbelhandels Ges.m.b.H.) © Aussendung

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