Codere, creditors enter standstill agreements that expire Sept. 23

By Caroline Salls

Pittsburgh, Sept. 3 – Codere SA put in place new standstill agreements with its creditors that run through 11 p.m. ET on Sept. 23, according to a news release.

The standstill agreements can be rescinded by agreement of the majority of Codere’s bondholders with 24-hours’ notice any time after 11 p.m. ET on Sept. 9.

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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