Coca-Cola HBC Regulatory News (CCH)

4 Oct 2007 17:08

CCH International plc04 October 2007 Press Release 4 October 2007 CCH International Plc ("CCH" or "the Company") Agreement with principal Bank Further to the Company's announcement on 16 September, the Company announcesthat it has concluded an agreement ("Agreement") with its principal bank ("Bank") in relation to the repayment of funds owed to the Bank over a three year period. Pursuant to the Agreement, entered into with inter alia, the Bank and CCH EuropeGmbH ("GmbH") the Company acknowledged its debt to the Bank of US$50m andguaranteed the obligations of GmbH to the Bank up to a maximum liability ofUS$100m. In return, the Bank released the Company from any other claims thatthe Bank may have had against the Company with regard to funds advancedprincipally to GmbH by the Bank. In addition, GmbH has agreed to pay all sums itowes the Bank and has guaranteed the obligations of the Company to the Bankpursuant to the Agreement. A further announcement will be made in due course in relation to the agreementsentered into with the managing director and majority shareholder, Eren Nil. - Ends - For further information, please contact:CCH International PlcIan Salter, Non-Executive Chairman Tel: +44 (0) 20 8334 0871info@cch-international.com www.cch-international.com Media Enquires: Abchurch CommunicationsCharlie Jack / George Parker Tel: +44 (0) 20 7398 7700charlie.jack@abchurch-group.com www.abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange