Llama Group Announces the Rescheduling of Its Bond Debt
20 Febbraio 2025 - 8:30AM
Business Wire
Regulatory News:
Llama Group (Paris: ALLAM) (Brussels: ALLAM) has reached an
agreement with one of its long-standing creditors to reschedule a
significant portion of its bond debt.
This agreement covers the non-convertible bonds issued through
multiple successive loans, representing a total amount of €9
million plus interests.
Thanks to this agreement, the repayment of principal and
interests will be spread over nearly two years.
The first payment will take place in February 2026, following
the receipt by Llama Group on January 31, 2026, of the payment from
Azerion. This payment is part of an amendment to their settlement
agreement, initially established in June 20241 and revised in
January 20252.
This rescheduling allows Llama Group to adjust its repayment
schedule and improve its financial flexibility, thereby
strengthening its growth capacity.
“This agreement gives us greater financial flexibility to
execute our strategy and strengthen the growth of Llama Group,”
said Olivier Van Gulck, CFO of Llama Group SA. “We
appreciate the trust of our financial partners and remain fully
committed to creating value for our shareholders and partners.”
“Securing a new repayment schedule was essential for us to move
forward with confidence in developing our activities. This
milestone marks the beginning of a new phase, enabling us to
execute our strategic plan and launch our products,” said
Alexandre Saboundjian, CEO of Llama Group SA.
Next Meeting March 12, 2025 – General Meeting for the
approval of amended 2023 Annual Accounts
About Llama Group Llama Group is a pioneer and leader in
the digital music industry. With extensive expertise across various
sectors, the group owns the iconic Winamp platform, the Bridger
copyright management company, and the Jamendo music licensing
company. Llama Group's ambition is to build the future of the music
industry through sustained investment in a range of innovative
solutions and in the talent and skills of people who love music.
The group stands by its brand values: empowerment, access,
simplicity, and fairness. Winamp's vision is a world where a
cutting-edge music platform connects artists and their fans like
never before. Bridger's mission is to support songwriters and
composers by providing a simple and innovative solution for
collecting royalties. Jamendo enables independent artists to
generate additional income through commercial licenses. Finally,
Hotmix offers a bouquet of more than sixty thematic and free
digital radio stations.
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Investors Relations Olivier Van Gulck
investors@llama-group.com
Grafico Azioni Llama (EU:ALLAM)
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