Brief: Borgestad Contemplates Private Placement Of Up To NOK 250 Mln

Borgestad ASA

06/11/2023 15:50

Nov 6 (Reuters) - Borgestad ASA  BOR.OL :
    * CONTEMPLATED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF
UP TO
NOK 250 MLN
    * PRICE PER SHARE TO BE DETERMINED ON BASIS OF ACCELERATED
BOOKBUILDING PROCESS
    * NET PROCEEDS FROM PRIVATE PLACEMENT TO BE USED TO REPAY
OUTSTANDING DEBT UNDER COMPANY'S BOND LOAN (BOR04)
    * NET PROCEEDS FROM PRIVATE PLACEMENT TO BE USED TO REPAY
EUR 10
MLN(ABOUT NOK 120 MLN) INVESTMENT LOAN WITH PEKAO S.A. BANK
    * NET PROCEEDS FROM PRIVATE PLACEMENT TO BE USED FOR GENERAL
CORPORATE PURPOSES

Source text for Eikon:  ID:nObiQjLWqa 
Further company coverage:  BOR.OL 

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