CALGARY, AB, Jan. 30, 2024 /CNW/ - CE Brands Inc. (TSXV: CEBI) ("CE Brands" or the "Company") is pleased to announce that, in connection with its debt restructuring previously announced on November 20, 2023, the Company has entered into definitive amending and waiver agreements with the holders of its senior secured debentures in the principal amount of $5,000,000 (the "Debenture Notes") to amend such Debenture Notes to: (i) extend the maturity date of the Debenture Notes from April 30, 2024 to October 1, 2025, (ii) waive any pre-existing rights associated with a contractual breach in relation to the bankruptcy of eBuyNow eCommerce Ltd., (iii) waive any pre-existing rights associated to a contractual breach in relation to any event prior to the date the definitive amending and waiver agreements, including any failure to pay interest or principal during such period, and (iv) amend the interest payment frequency to quarterly payments commencing on April 1, 2024.
Read more at newswire.caCE Brands Inc. Announces Completion of Debt Restructuring
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