Brief: Beter Bed Holding Secures Access To Funds Under Agreement With Banks And Shareholders

Beter Bed Holding NV

31/07/2019 17:28

July 31 (Reuters) - BETER BED HOLDING NV  BETR.AS :
    * SECURES ACCESS TO FUNDS UNDER PREVIOUSLY ANNOUNCED
AGREEMENT
WITH BANKS AND MAJOR SHAREHOLDERS; EXIT PROCESS OF MATRATZEN
CONCORD IS PROGRESSING
    * WILL DRAW THE FIRST TRANCHE OF THE € 7 MILLION SECURED AND
SUBORDINATED SHAREHOLDER LOANS WITH A MATURITY DATE OF 15 JULY
2020
    * MAJOR SHAREHOLDERS WILL RECEIVE A 30% INTEREST PER ANNUM
WITH A
MINIMUM OF EUR 2.1 MILLION IN AGGREGATE

Source text: https://bit.ly/331hOR8
Further company coverage:  BETR.AS 

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