Brief: Cognor Holding plans to raise 101 mln zlotys under SPO for debt restructuring
26/09/2017 07:19
Sept 26 (Reuters) - COGNOR HOLDING SA COGP.WA :
* DECIDES TO CARRY OUT SECONDARY PUBLIC OFFERING OF NO MORE
THAN 67,333,334 SHARES OF NOMINAL VALUE 1.50 ZLOTYS PER SHARE
* THE AIM OF THE OFFERING IS TO RAISE 101 MILLION ZLOTYS FOR
DEBT RESTRUCTURING
* THE PROCEEDS FROM THE OFFERING WILL BE USED TO BUY OUT
HIGH-YIELD NOTES IN THE NOMINAL VALUE OF ABOUT 80.9 MLN EUROS
* ESTIMATED SAVINGS FROM DEBT REFINANCING SHOULD REACH AT
LEAST 25 MILLION ZLOTYS STARTING FROM 2018
* ISSUE INCLUDES ALSO PRIVATE SUBSCRIPTION OF UP TO 16
MILLION SHARES TO ITS MAIN SHAREHOLDER, PS HOLDCO IN EXCHANGE
FOR 100% IN ODLEWNIA METALI SZOPIENIC
* MBANK, PEKAO INVESTMENT BANKING ACT AS GLOBAL
CO-COORDINATORS AND BOOKRUNNERS FOR THE OFFERING
Source text for Eikon: urn:newsml:reuters.com:*:nEMbJGdhna
Further company coverage: COGP.WA
(Gdynia Newsroom)
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