Brief: Coala Life Enters Into Convertible Loan Facility With Existing Shareholders
16/11/2022 08:08
Nov 16 (Reuters) - Coala-Life Group AB (publ)
COALA.ST :
* SAID ON TUESDAY ENTERED INTO LOAN FACILITY AGREEMENT OF
SEK 25
MLN WITH A CONSORTIUM OF EXISTING SHAREHOLDER, TO ENSURE THAT
COMPANY HAS SUFFICIENT FUNDS TO MEET SHORT-TERM WORKING CAPITAL
NEEDS
* FACILITY IS AVAILABLE TO COMPANY, TO BE UTILIZED IN ITS
ENTIRETY, UNTIL MARCH 31, 2023, AND MATURES DEC. 31, 2023
Source text for Eikon: urn:newsml:reuters.com:*:nMFN4jkqhR
Further company coverage: COALA.ST
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