JusticeTürkiye Official institution
Eminiş Packaging pays the 59 installment of its concordat debt
Eminiş Ambalaj Sanayi ve Ticaret A.Ş. made a statement about the 59 installment payment under its concordat project. A concordat is a court-approved plan to restructure debt. According to the document, the company's debts were arranged to be repaid with 1,5 years without payments and then in 72 equal monthly installments. The visible part of the document lists installment dates, but the amount of this 59 installment is not stated in the text.
What does it mean?
Under a debt restructuring plan approved by the court, the company is continuing to make its installment payments.
Who is affected?
Creditors of Eminiş Ambalaj covered by the concordat, and investors who follow the company's shares.