Obrascon Huarte Lain (ES:OHLA) has released an update.
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Obrascon Huarte Lain announced that its subsidiary, OHL Operaciones, has secured bondholder consent for a proposal that impacts its senior secured bonds due in 2026. With bondholders representing over 50% of the principal amount agreeing, the company will proceed with coupon payments by March 2025 or earlier, contingent on specific conditions. This development is a significant step in the company’s financial strategy, potentially affecting its market position.
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