Brief: Acuvi Updates On Acquisition, Financing

Acuvi AB

08/12/2023 15:27

Dec 8 (Reuters) - Acuvi AB  ACUVI.ST :
    * ANNOUNCES COMPANY HAS RENEGOTIATED ADDITIONAL PURCHASE PRICE AND STAY-ON BONUSES TO KEY
EMPLOYEES THAT WERE PART OF A PREVIOUS COMPANY ACQUISITION
    * COMPANY ALSO REPLACES AN EXISTING LOAN WITH A NEW CREDIT FACILITY FROM A SWEDISH CREDIT
INSTITUTION WITH REDUCED INTEREST COSTS
    * REMAINING STAY-ON BONUSES TO KEY PERSONNEL IN TPA MOTION WILL AMOUNT TO USD 2.4 MILLION BY
END
OF 2023
    * NEW LOAN OF SEK 25 MILLION FROM SWEDISH CREDIT INSTITUTION REPLACES EXISTING LOAN OF SEK
21
MILLION, RESULTING IN LOWER INTEREST COSTS, LOAN TERM OF 60 MONTHS

Source text for Eikon:  ID:nWkr3xVfXQ 
Further company coverage:  ACUVI.ST 

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