A number of new proposals have been made regarding the reinstated debt conditions and covenants: a €400m new bond with a maturity of 5 years (floating rate based on 3-month EURIBOR, 1% minimum + a 3% to 9% margin). Note that the “Conquer 2018” plan assumed c.5.5% interest and that the proposed terms would mean an additional €10-15m in interest expenses per year. Facing contesting minority shareholders, SoLocal is also proposing to grant one free share for each existing s
