May 18 (Reuters) - Pioneer Credit Ltd PNC.AX :
* PIONEER ENTERS INTO STANDSTILL AGREEMENT WITH CARLYLE GROUP
* AS PART OF AGREEMENT, LEGAL PROCEEDINGS COMMENCED BY CO IN RELATION TO SENIOR FACILITY AGREEMENT WILL BE DISCONTINUED
May 18 (Reuters) - Pioneer Credit Ltd PNC.AX :
* PIONEER ENTERS INTO STANDSTILL AGREEMENT WITH CARLYLE GROUP
* AS PART OF AGREEMENT, LEGAL PROCEEDINGS COMMENCED BY CO IN RELATION TO SENIOR FACILITY AGREEMENT WILL BE DISCONTINUED