Brief: Coreo Secures 23 Million-Euro Loan

Coreo AG

07/12/2020 16:23

Dec 7 (Reuters) - COREO AG  COR2.DE :
    * SECURES LARGEST FINANCING IN THE HISTORY OF THE COMPANY
    * LOAN OF EUR 23 MILLION
    * 6.75% COUPON P.A. / 5 YEARS MATURITY
    * ADDITIONAL INCREASE OF EQUITY BY AT LEAST 5 MILLION EUROS
    * REMAINING FUNDS WILL BE INVESTED IN FURTHER EXPANSION OF
REAL
ESTATE PORTFOLIO
    * EQUITY RATIO (36.6% AS OF JUNE 30, 2020) WILL RISE AGAIN
WITH
IMPLEMENTATION OF MEASURE
    * CHRISTIAN ANGERMAYER AND ALEX SCHÜTZ FAMILIENSTIFTUNG IN
THEIR
CAPACITY AS ANCHOR SHAREHOLDERS WILL ALSO SECURE PLANNED GROWTH

Source text for Eikon:  ID:nEQbNsGbba 
Further company coverage:  COR2.DE 

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