Max Two to default on principal and interest payment due Sept. 30

Chicago, Sept. 29 – Max Two Ltd. added to its list of defaults, as the issuer does not plan on making either the €203,710 principal payment or a €113,458 coupon payment due on Sept. 30 on its €100 million 5.7% secured notes due 2024 (ISIN: XS0201817292), according to a company release.

A similar amount was made for the principal payment of €115,635 and coupon payment of €116,753.30 due on March 30.

The company stated it is currently reviewing its financial position with advisers and considering what steps can be taken, if any, to recover amounts the company is owed or potentially owed.

Max Two is a fund based in St. Helier, Jersey.

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