According to a composition agreement, certain creditors agreed to have claims converted to long-term senior loans.
Nynas has settled the payment in full to trade creditors that had claims remaining after they received an initial payment of 100,000 SEK (approximately $11,000) each following the completion of Nynas’ company reorganization in January 2021. This is in accordance with the composition agreement between all creditors and as decided by the District Court of Södertörn.
“We are grateful for the cooperation, patience and loyalty that our customers and suppliers have shown following a difficult time in the company’s history,” said Bo Askvik, president and CEO. “Today we are pleased to announce that the payment of the remaining outstanding amounts has taken place.”