Brief: Archos announces draw down of first tranche of loan and convertible bond issue

Archos SA

28/06/2016 17:14

June 28 (Reuters) - Archos SA  ARCH.PA : 
    * Announces draw down of first tranche of loan given by BEI 
and issue of convertible bonds 
    * Draw down of first tranche of loan for total maximum of 12 
million euros  ($13.26 million) given by European Investment 
Bank (BEI) 
    * First tranche is 6 million euros and reaches maturity in 5 
years 
    * Issued 1,500,000 bonds redeemable in shares with a nominal 
value of 1 euro each 
    * Bonds have a maturity of 10 years and do not bear interest 
 
Source text for Eikon: http://bit.ly/29c7oDQ 
Further company coverage:  ARCH.PA  
 
($1 = 0.9049 euros) 
 
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