Brief: Cicor Renews And Increases Syndicated Loan

Cicor Technologies

21/06/2021 06:04

June 21 (Reuters) - CICOR TECHNOLOGIES LTD  CICN.S :
    * EQS-ADHOC: SUCCESSFUL RENEWAL AND INCREASE OF SYNDICATED
LOAN
PROVIDES FINANCING AND LIQUIDITY SECURITY AND OFFERS ROOM FOR
FUTURE ACQUISITIONS
    * IS REPLACING EXISTING SYNDICATED LOAN OF CHF 75 MILLION
DUE ON
JUNE 30, 2022 EARLY AND AT ATTRACTIVE CONDITIONS AND IS
INCREASING IT TO CHF 80 MILLION
    * NEW SYNDICATED LOAN HAS A TERM OF FOUR YEARS WITH TWO
ONE-YEAR
EXTENSION OPTIONS
    * OPTIONAL ACQUISITION CREDIT LINE IN AMOUNT OF CHF 75
MILLION

Source text for Eikon:  ID:nEQbmJ4NHa 
Further company coverage:  CICN.S 

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