Brief: Candles Scandinavia Secures Financing For New Factory

Candles Scandinavia AB

16/06/2022 10:25

June 16 (Reuters) - Candles Scandinavia AB  CANDLEb.ST :
    * HAS SECURED FINANCING FOR THE NEW FACTORY IT PLANS TO
BUILD IN
ÖREBRO
    * LENDER OF THE BANK LOAN IS DANSKE BANK
    * BANK LOAN OF SEK 135 MILLION IS RAISED AT MARKET
CONDITIONS WITH
STIBOR 90 + 3.20 PERCENT ANNUAL INTEREST
    * LENDERS TO CONVERTIBLE LOAN OF SEK 57 MILLION ARE MODELIO
EQUITY, BIZCAP, GERHARD DAL, PRONATOR INVEST AND FORMUE NORD
FOKUS
    * THUS, COMPANY HAS SECURED 100% OF ESTIMATED COST OF
CONSTRUCTION
OF THE ABOUT 21 000 M2 FACTORY
    * CONVERTIBLE LOAN BEARS 1 PERCENT MONTHLY INTEREST AND RUNS
UNTIL
15 DECEMBER 2023
    * LENDERS HAVE RIGHT TO CONVERT TO SHARES ON A QUARTERLY
BASIS AT
CONVERSION RATE OF SEK 71.10

Source text for Eikon:  ID:nMFN7GnVXR 
Further company coverage:  CANDLEb.ST 

 (Gdansk Newsroom)
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