Vapiano gets loans for restructuring
The restaurant chain Vapiano concluded negotiations yesterday on the company’s financial restructuring, as well as implementation of a new strategic accentuation. The financing banks and the major shareholders Mayfair Beteiligungsfonds II, VAP Leipzig and Exchange Bioset have accordingly issued binding loan commitments totaling €30mn. This is to be documented by mid-June, in consultation with the banks. “Due to further requirements for the documentation of the negotiated financing”, Vapiano is again postponing the publication of its annual and consolidated financial statements to 18 June, and not today, as had been previously announced. According to preliminary figures, the company missed its revenue target in 2018 and slipped deeper into the red.
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