Sygnity reaches deal with creditors

WSE-listed IT company Sygnity signed a standstill agreement with its creditors that would open the door for reaching a debt restructuring agreement by October 31, Sygnity said in a market filing. The agreement also assumes the financing banks, ING Bank Śląski and Deutsche Bank Polska will provide Sygnity with further PLN 5 million in short-term financing. The company will be obliged to issue new bonds worth PLN 49.6 million to refinance existing ones, should all the bondholders make such a demand.