Louis plc seeks shareholder approval for debt restructuring and refinancing
Louis plc will hold an extraordinary general meeting on November 11 to seek approval for refinancing involving the Bank of Cyprus and group companies.
Nicosia, Cyprus. Louis plc, a tourism and hospitality company, is seeking shareholder approval to restructure and refinance group borrowing through arrangements involving the Bank of Cyprus and several group companies. Its notice sets an extraordinary general meeting for November 11 at the Hilton Nicosia hotel, starting at 12.30pm.
Financing framework
According to the company’s notice, the proposals announced on Tuesday seek to reorganise existing borrowing, secure better financing terms and make funding facilities available to companies within the group. Shareholders will be asked to approve and ratify financing agreements, guarantees and associated restructuring arrangements.
The company said the framework agreement brings together Louis plc, Louis Hotels Public Company Limited, Clin Company Limited, the Bank of Cyprus and additional parties.
Under the proposals, Clin Company Limited would borrow through a loan facility agreement. Louis Hotels Public Company Limited and Louis Hotels SA would each act as issuers under separate bond loan agreements with the Bank of Cyprus, according to the notice.
Guarantees and asset security
Louis plc would guarantee the relevant financing agreements, the company said. The package also provides for guarantees and security against company assets and rights, supporting obligations of either Louis plc or other companies within the group.
The notice said possible security measures include asset charges, share pledges and assignments of rights and receivables. Existing guarantees and security could also be amended, released or cancelled where applicable.
Shareholder decisions and board authority
The company said shareholders would also consider approval of agreement terms and associated transactions. Some arrangements could be carried out in stages or become effective following completion of the group’s reorganisation.
The proposed resolutions would empower the board to complete further implementation steps, execute supplementary documentation and amend agreements, according to the notice. Such amendments must not materially change the approved restructuring’s nature or purpose.
The meeting will also consider ratification of earlier board decisions and actions relating to the arrangements, the company said, including decisions dated September 8, 2026.
This news item was generated automatically by Cyprus Inform from publicly available materials. Report an error →