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Scholz granted deferral of interest payments and extension of bridge financing

Bondholders agree to postponement of €15.5m payment until May

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(D, UK) – Ailing German steel recycler Scholz has managed to gain more time to continue work on restructuring its debt. The company reached an agreement with its two creditor groups that will enable it to postpone payments until the end of May. Its bondholders agreed to defer the €15.5m interest payment due on 8 ...

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