Brief: Coala-Life Enteres Into Agreement On Bridge Loan

Coala-Life AB (publ)

19/09/2023 07:09

Sept 19 (Reuters) - Coala-Life Group AB (publ)
 COALA.ST :
    * COALA-LIFE HAS ENTERED INTO AN AGREEMENT ON A BRIDGE LOAN
OF SEK
5 MILLION TO SECURE SHORT-TERM LIQUIDITY NEEDS
    * LOAN, INCLUDING ACCRUED INTEREST, IS DUE FOR PAYMENT ON
OCTOBER
31, 2023
    * BRIDGE LOAN RUNS WITH A MONTHLY INTEREST RATE OF 3 PER
CENT UP
UNTIL AND INCLUDING OCTOBER 15, 2023, AND THEREAFTER CONTINUE
WITH AN INTEREST RATE OF 0.75 PER CENT PER INITIATED WEEK
    * FACTORING AGREEMENT THAT COMPANY ENTERED IN JUNE 2023 HAS
NOT
YET YIELDED FULL EFFECT, RESULTING IN STRAINED LIQUIDITY FOR
COMPANY

Source text for Eikon:  ID:nMFN8pw7Gm 
Further company coverage:  COALA.ST 

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