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Scholz Holding GmbH Office Number: 610, 68 King William Street EC4N 7DZ London http://www.scholz-recycling.de
Contact Ms Beate Kummer +49 2224 9011480
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Scholz Holding GmbH

Scholz AG agrees on extensive standstill agreement with financing parties

(PresseBox) (Essingen, )
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- All repayments of will be suspended until the end of 2014
- Negotiations about fresh-money facility in final stage
- CEO Oliver Scholz: "Milestone for restructuring of Scholz Group achieved"

Scholz Group has agreed on an extensive standstill agreement with its financing parties. It is implied that all repayments will be suspended until the end of 2014. The agreement has been concluded with the financing banks, real-estate financiers, promissory noteholders as well as factoring banks of Scholz AG. The credit insurance companies have also signaled to positively support the agreement. In addition, the core banks are willing to provide a
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.