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Holdikks revolver and senior secured notes standstills take effect
By Caroline Salls
Pittsburgh, July 16 – Holders of more than 83% of Holdikks SAS’s 6¾% senior secured notes due 2021 approved a standstill request, according to a news release.
As a result, the IKKS Group said standstill agreements with the group’s revolving credit facility lenders and the senior secured noteholders have taken effect.
Holdikks said in a previous announcement that it had entered into a standstill agreement with holders of about 35% of the notes as of July 5.
Noteholders that entered into the standstill agreement by July 13 are entitled to an accession fee.
IKKS is a Saint-Chamond, France-based clothing retailer.
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