Brief: Brockhaus Technologies Plans Acquisition Of Bikeleasing

Brockhaus Technologies AG

19/10/2021 12:32

Oct 19 (Reuters) - BROCKHAUS TECHNOLOGIES AG  BKHTn.DE :
    * STRUCTURES FINANCING OF THE PLANNED ACQUISITION OF
BIKELEASING
WITHOUT INITIALLY INTENDED RIGHTS ISSUE
    * EXPECTS TO FINANCE PURCHASE PRICE FOR A MAJORITY INTEREST
IN
BIKELEASING-SERVICE GMBH & CO. KG (TOGETHER WITH ITS AFFILIATED
COMPANIES "BIKELEASING") THROUGH AVAILABLE CASH, ISSUANCE OF EUR
13 MILLION WORTH OF NEW SHARES AS PART OF A CAPITAL INCREASE IN
KIND
    * FINANCING TRANCHES ARE STILL SUBJECT TO THEIR FINAL
CONTRACTUAL
DOCUMENTATION
    * BROCKHAUS TECHNOLOGIES THEREFORE CONTINUES TO ASSUME THAT
CLOSING OF ACQUISITION WILL BE COMPLETED BEFORE YEAR END 2021
    * UPDATED FINANCING STRUCTURE IS BASED ON FINANCING
COMMITMENTS
FROM LENDERS WITH REGARD TO ACQUISITION LOANS IN AN AMOUNT OF
EUR 65 MILLION, A CO-INVESTOR WITH REGARD TO A MINORITY INTEREST
IN AMOUNT OF EUR 20 MILLION, AS WELL AS A LOAN AT LEVEL OF
BROCKHAUS TECHNOLOGIES IN AMOUNT OF EUR 15 MILLION

Source text for Eikon:  ID:nEQ7C5qMqa 
Further company coverage:  BKHTn.DE 

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