The law firm Bulboacă & Asociații SPARL received an official mandate from the Romcab SA Creditors’ Committee on March 10, 2021, to negotiate, draft, and provide full legal support for the implementation of both the Loan Agreement with Meinhart Kabel Österreich GMBH and the transactions with all secured creditors who accepted the offers made by Romcab SA.
On December 27, 2021, Romcab SA, by accessing funds provided by Meinhart Kabel Österreich GMBH, made early payments to 10 secured creditors remaining on the creditors’ list, following the final confirmation of its reorganization plan. These payments represented 63% of the claims still listed in the final table of receivables.