Obrascon Huarte Lain (ES:OHLA) has released an update.
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Obrascon Huarte Lain’s subsidiary, OHL Operaciones, is seeking consent from bondholders to temporarily delay interest payments on its senior secured notes as it negotiates a lock-up agreement with key stakeholders. The company aims to secure a waiver until November 15, 2024, in an effort to finalize a recapitalization plan. This move highlights ongoing efforts to stabilize the company’s financial position amidst challenging market conditions.
For further insights into ES:OHLA stock, check out TipRanks’ Stock Analysis page.