do Orcowców

Zbych dzięki za AT, a Ty shp miałeś nosa do tej korekty, no ale już dość jej było, czas ruszać zpowrotem na północ, choć na pewno macie niepewność (jak to brzmi) co do dalszych wzrostów, pamiętamy z przeszłości, po gwałtownych wzrostach opadanie kursu pod własnym cięzarem, kompletny brak zainteresowania, miejmy nadzieję, że teraz będzie inaczej,
poniżej artykuł, raczej optymistyczny, gość dawał firme50% na przetrwanie, teraz opisuje plany restruktryzacji i to, że dogadali się z 33 bankami.

Orco to present rescue plan to French court soon - BoD member




Property group Orco has not left all its problems behind just yet, but it will be able to survive the hardships it is facing, said Alexis Juan, a member of Orco’s Board of Directors. He told Czech business daily E15 that the company is working to lift bankruptcy protection and has agreed with the 33 crediting banks on the restructuring of liabilities. The rescue plan is soon to be presented to the French court in its so-called Safeguard regime (protection from creditors), which includes settlement with its crediting banks and bondholders.


Czech daily E15 reported that Orco will seek to end the safeguard procedure, quoting the company’s Board member Alexis Juan. Orco has renegotiated all bank loans and it will propose extending maturity for its bonds to the Commercial Court in Paris, it said.

Orco will continue to pay interest, but the principal will be paid progressively, with only 26% paid in the first six years.

The plan proposes a 10-year repayment schedule of 2010 and 2014 bonds (EUR 553 million including interest), where only 1% of the outstanding amount will be paid back in the first year (EUR 5.5 m) and the amount will gradually increase over the period. The company has also agreed with 33 banks that provided project loans to extend the maturity of the debt. (Banks currently hold over EUR 1.1 bn debt towards Orco.)

Juan, ex-CEO of Komercni Banka, who now works as an independent consultant for Orco, also said that Orco will need to reorganise in order to cut operating costs.

Previously, Juan said Orco had a 50% chance of survival.