Europcar Mobility Group Reaches a Major Step With an Agreement in Principle on Financial Restructuring With Main Creditors, Supporting Its “Connect” Transformation Program

PARIS--(BUSINESS WIRE)--Regulatory News: Europcar Mobility Group (Paris:EUCAR): The Agreement in Principle has been entered into by the Company with a group of significant cross-holders2 in the 2024 Senior Notes, 2026 Senior Notes, EC Finance plc’s Senior Secured Notes and holding interests in the RCF and the Credit Suisse Facility and has been approved at the unanimity of the voting members3 of the Company’s supervisory board4. It contemplates mainly: (i) A massive corporate deleveraging, with