(BSLA.L) Blacks Leisure Group PLC Buy/Sell

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(AFX UK Focus) 2009-11-03 07:24 BRIEF-Blacks Leisure details restructuring plan
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LONDON, Nov 3 (Reuters) - Blacks Leisure Group PLC: UPDATE ON PROPOSED RESTRUCTURING PLAN COMPANY VOLUNTARY ARRANGEMENTS ARE BEING PROPOSED FOR COMPANY AND WHOLLY `owned subsidiary` CVA FOR COMPANY AND UNIT THE OUTDOOR GROUP TO COMPROMISE CLAIMS OF 101 `landlords of stores closed or being closed` CVA PLAN ALSO TO VARY THE TERMS OF APPROXIMATELY 291 LEASES OF RETAIL STORES BOS HAS AGREED TO AN EXTENSION TO 23 DECEMBER 2009 OF THE EXISTING STANDSTILL `agreement` THE COMPANY HAS EXECUTED NEW BANK FACILITIES WITH BOS, WHICH WILL BE USED TO `repay existing bank facilities with bos` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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