BarcelonaGood news for the Catalan energy company Holaluz. The judge in Barcelona’s Commercial Court No. 5 has approved the company’s debt restructuring plan, giving the group a breathing space and allowing it to avoid the insolvency it would have been forced to face due to the debt maturities it was facing.
Holaluz has informed BME Growth—the SME exchange where it is listed—of the court’s ruling, which allows it to continue its business. The energy company had requested judicial approval of the agreement with the creditor banks so that its effects would be extended to those financial creditors who had not adhered to the agreement.
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