Brief: Catena Media Decides Upon Fully Guaranteed Rights Issue Of Units Of SEK 684 Million

Catena Media

17/04/2020 07:32

April 17 (Reuters) - Catena Media PLC  CATME.ST :
    * CATENA MEDIA DECIDES UPON FULLY GUARANTEED RIGHTS ISSUE OF
UNITS
OF SEK 684 MILLION AND INITIATES PROCEDURE TO AMEND THE TERMS OF
ITS SENIOR UNSECURED BOND LOAN
    * CATENA MEDIA PLC - SUBSCRIPTION PRICE IN RIGHTS ISSUE IS
SET TO
SEK 100 PER UNIT
    * CATENA MEDIA PLC - RIGHTS ISSUE WILL PROVIDE COMPANY WITH
APPROXIMATELY SEK 684 MILLION BEFORE DEDUCTION OF TRANSACTION
RELATED EXPENSES
    * CATENA MEDIA PLC - AMBITION WITH RIGHTS ISSUE IS TO
DECREASE
SENIOR DEBT POSITION AND MATERIALLY REDUCE FINANCIAL RISK
PROFILE IN COMPANY
    * CATENA MEDIA PLC - SUBSCRIPTION PERIOD IN RIGHTS ISSUE IS
EXPECTED TO TAKE PLACE DURING JUNE 2020.

Source text for Eikon:  ID:nWkrs5p69 
Further company coverage:  CATME.ST 

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