Brief: Biophytis Gets EUR 10 Mln Loan Structure With Kreos Capital

Biophytis SA

23/11/2021 11:05

Nov 23(Reuters) - Biophytis SA  ALBPS.PA :
    * ANNOUNCED ON MONDAY THAT IT OBTAINED A NEW 10M€ LOAN
STRUCTURE
WITH KREOS CAPITAL
    * KREOS CAPITAL WILL RECEIVE BIOPHYTIS' SHARE WARRANTS ("BON
DE
SOUSCRIPTION D'ACTION" OR "BSA") FOR A TOTAL OF APPROXIMATELY
€1M
    * OVER THE €10M, €7.75 MILLION WILL BE IN STRAIGHT BONDS,
AND
€2.25 MILLION WILL BE IN CONVERTIBLE BONDS
    * INTEREST SHALL ACCRUE ON PRINCIPAL MONEYS OUTSTANDING AT A
FIXED
INTEREST RATE OF 10.00% PER ANNUM FOR STRAIGHTS BONDS
    * FIXED INTEREST RATE OF 9.50 % PER ANNUM FOR CONVERTIBLE
BONDS
    * STRAIGHT BONDS WILL BE REPAID IN 36 MONTHLY INSTALMENTS,
AFTER A
DEFERRAL REPAYMENT OF THE NOMINAL AMOUNT UNTIL APRIL 2022
    * CO SHALL REPAY THE CONVERTIBLE BONDS AT THEIR PRINCIPAL
AMOUNT
AT THE LATEST MARCH 31, 2025, UNLESS CONVERTED BEFORE INTO
SHARES, AT THE OPTION OF KREOS CAPITAL
    * NEITHER BONDS NOR SHARE WARRANTS WILL BE LISTED ON
EURONEXT
PARIS

    
 Source text for Eikon:  ID:nACSv7L77a 
 Further company coverage:  ALBPS.PA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))