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Old 01-21-2015, 11:28 AM
jprizz jprizz is offline
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Here is Google Translate's version of 2 of the articles linked in the post:

1) From el Economista.es:
The manufacturer of trial and enduro motorcycles Gas Gas has submitted preconcurso creditors in commercial courts of Girona to have room to restructure its debt, Europa Press reported the company president, Ramon Puente.

The company based in Salt (Girona) accumulated a debt of 24 million euros that is trying to refinance, but has encountered delays in decision-making by some of its major creditors, as published Tuesday 'La Vanguardia '.

Gas Gas signed an agreement in early 2013 with an international investor group agreed to invest EUR 9 million to finance the strategic plan of the company until 2015, and in February last year, the Government, through Avan?sa, contributed an equity loan of two million euros.

2) From Diari de Girona:
SALT | ACN manufacturer Girona Motorcycle Gas Gas, headquartered in Salt (Girona), presented preconcurs proceedings before the Commercial Court. The company's goal is to restructure a debt up to 20 MEUR and dragged for about ten years, according to its director general, Ramon Puente.

Gas Gas has seven months negotiating with banks to try to refinance, but as he has not found understanding, decided to go ahead preconcurs creditors to try to force a settlement. Debt restructuring will also receive a Gas Gas injection of 9 million euros by an international investment group. The CEO said that the company, which exports 90% of production is viable.
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