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Eros Media misses coupon on 8½% bonds, cites ‘administrative issues’
By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – Eros Media World plc, formerly Eros STX Global Corp., said it has not yet made the coupon payment due on Oct. 17 and payable by Oct. 31 on its £50 million 8½% bonds due 2023 (ISIN: XS1112834608), according to a Tuesday notice.
The company cited administrative issues resulting from its demerger with STX entertainment in its failure to make the coupon payment and said it will rectify the delay “shortly.”
U.S. Bank Trustees Ltd. is the trustee.
Eros is an entertainment company based in Mumbai.
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