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Nyesa Manages to Convince the Judge to Accept the Change to its Creditors’ Payment Agreement

Commercial Court Number 1 of Zaragoza has accepted the proposed modification to the creditors' agreement that allowed the company to exit from bankruptcy two years ago.

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In September, the listed real estate group Nyesa proposed to the privileged creditors a 70% reduction and the collection of their credits in two payments from the third year after the agreement was signed, assuring the rest of ordinary and subordinated creditors the full collection of the loans granted, before the end of the ten year term of the agreement.

The Board of Directors of the listed company, which is dedicated to property development and management, presented this proposal to modify the creditors’ agreement before the Commercial Court of Zaragoza, where it agreed its exit from bankruptcy two years ago.

Read the full article in Spanish.

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