Financially troubled „airBaltic“ will seek new financing from bondholders

Financially troubled „airBaltic“ will seek new financing from bondholders

The company aims to obtain “temporary financing” while reviewing its capital structure, as seen from a previously undisclosed notice sent to bondholders, referenced by Reuters.

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“To ensure that the group has a stable platform during this process, the issuer intends to apply for temporary financing to ensure sufficient liquidity in the future while conducting the review,” the company’s statement said. “Each bondholder will have the opportunity to participate in the temporary financing process.”

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