Brief: Covivio Hotels Announces Success Of Capital Increase

Covivio Hotels SCA

10/06/2021 18:11

June 10 (Reuters) - COVIVIO HOTELS SCA  COVH.PA :
    * CAPITAL INCREASE OF 250 MILLION EUROS
    * PROCEEDS WILL BE USED TO REPAY CORPORATE DEBT OF TOTAL
AMOUNT OF
250 MILLION EUROS PUT IN PLACE IN 2020 AND WHICH EXPIRE IN 2022
AND 2023 RESPECTIVELY
    * FUNDS RAISED WILL ALSO ALLOW TO RETAIN ALL OF AVAILABLE
CASH AND
AUTHORISED CREDIT LINES TO PURSUE POTENTIAL INVESTMENT
OPPORTUNITIES
    * GROSS AMOUNT OF CAPITAL INCREASE (INCLUDING ISSUE PREMIUM)
AMOUNTS TO 249,501,376 EUROS AND RESULTS IN ISSUE OF 15,593,836
NEW SHARES
    * UNIT SUBSCRIPTION PRICE OF 16 EUROS
    * ISSUE AND ADMISSION TO TRADING OF NEW SHARES ON EURONEXT
PARIS
IS EXPECTED TO TAKE PLACE ON JUNE 14

Source text: https://bit.ly/3iyNGa2
Further company coverage:  COVH.PA 

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