Swiss Signa company receives definitive debt restructuring moratorium
Published: Tuesday, Jul 23rd 2024, 07:00
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A Swiss company belonging to the struggling Signa empire has received a further extension to its debt restructuring moratorium. Signa Real Estate Management Switzerland has now been given a further six months to restructure.
The District Court of Zurich has granted the company a definitive debt-restructuring moratorium of six months until January 31, 2025, according to an entry published in the Swiss Official Gazette of Commerce on Tuesday. The decision had previously been extended until the end of July. The definitive debt restructuring moratorium is granted if it becomes clear during the provisional moratorium phase that a complete restructuring or a debt restructuring agreement with the creditors with partial debt relief would be possible.
©Keystone/SDA
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