Brief: Coreo Waives Issuance Of Corporate Bond 2020/2025
14/09/2020 12:38
Sept 14 (Reuters) - Coreo AG COR2.DE :
* DUE TO ALTERNATIVE FINANCING OPTIONS, COREO AG WAIVES
ISSUANCE
OF CORPORATE BOND 2020/2025
* CURRENT PLACEMENT VOLUME OF AROUND 10 MILLION EUROS,
INCLUDING
COMMITMENTS OF ANCHOR SHAREHOLDERS CHRISTIAN ANGERMAYER AND ALEX
SCHÜTZ FAMILIENSTIFTUNG, DOES NOT MEET EXPECTATIONS
* IS CONDUCTING EXTENSIVE TALKS WITH A WELL-KNOWN INVESTOR
AND TWO
ANCHOR SHAREHOLDERS, WHO OFFERED TO PROVIDE COMPANY WITH ENTIRE
BOND VOLUME OF EUR 30 MILLION
* IN NEXT FEW WEEKS, TERMS AND CONDITIONS ARE TO BE
FINALISED AND
BOND WILL THEN BE ISSUED IN A PRIVATE PLACEMENT
* FINANCING IS INTENDED TO ENABLE COREO AG TO ACQUIRE
PROPERTIES
WORTH MORE THAN EUR 40 MILLION IN A TIMELY MANNER, FOR WHICH
COMPANY ALREADY HAS EXCLUSIVITY
Source text for Eikon: ID:nEQ5Drwkla
Further company coverage: COR2.DE
(Gdansk Newsroom)
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