Brief: Atlantic Sapphire Contemplates Private Placement

Atlantic Sapphire ASA

28/06/2022 15:44

June 28 (Reuters) - Atlantic Sapphire ASA  ASA.OL :
    * ATLANTIC SAPPHIRE ASA: PHASE 2 DEBT SECURED AND
CONTEMPLATED
PRIVATE
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO FULLY
FUND
ESTIMATED REMAINING EQUITY FINANCING OF PHASE 2 CAPEX BASED ON
LATEST CAPEX ESTIMATE, WITH AN ESTIMATED BUFFER
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO
REPAYMENT OF
DEBT FACILITY OF USD 25 MILLION; AND GENERAL CORPORATE PURPOSES
    * HAS RETAINED DNB MARKETS, AS SOLE GLOBAL COORDINATOR AND
JOINT
BOOKRUNNER AND ARCTIC SECURITIES AS AS JOINT BOOKRUNNER TO
ADVISE ON AND EFFECT PRIVATE PLACEMENT OF NOK EQUIVALENT OF
ABOUT USD 125 MILLION IN NEW SHARES TO BE ISSUED BY CO

Source text for Eikon:  ID:nObiwNjlKa 
Further company coverage:  ASA.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))