Codere enters standstill agreements with creditors that expire July 1

By Caroline Salls

Pittsburgh, June 11 – Codere SA has in place new standstill agreements with its creditors until 11 p.m. ET on July 1, according to a news release.

These standstills can be rescinded by an agreement of a majority of the company’s bondholders with 24-hours’ notice any time after 11 p.m. ET on June 17.

During the standstill period, the company said it will continue negotiations with the parties’ representatives.

Codere is a Madrid-based gaming company.

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