Solocal: creditors agree to defer coupon payments
Heavily indebted, the group had already obtained last month the deferment until January 30, 2024 of the date of payment of coupons on bonds and the 'mini-bond' initially due in June 2023, September 2023 and December 2023.
The directory publisher, which has repositioned itself as a portal for professional digital services, saw its share price fall by 1.5% on Friday morning on the Paris Bourse.
Due to disappointing operational and financial performances, and uncertainty surrounding its strategic direction, the share has lost over 87% of its value over the past 12 months.
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