BayWa Expects to Extend Debt Standstill, Get €500 Million
BayWa AG expects to receive an additional €500 million ($558 million) from stakeholders to secure its financing until year-end, giving the German commodities firm additional time to negotiate a longer-term restructuring.
The package comes alongside an extension of a debt standstill until the end of the year, with Munich-based BayWa anticipating it will obtain signatures from its main lending banks in the upcoming days, according to a statementBloomberg Terminal Sunday.