Brief: Covivio Hotels Launches Capital Increase Of Around 250 Million Euros

Covivio Hotels SCA

20/05/2021 07:10

May 20 (Reuters) - COVIVIO HOTELS SCA  COVH.PA :
    * LAUNCH OF CAPITAL INCREASE OF AROUND 250 MILLION EUROS
    * SUBSCRIPTION PRICE: 16 EUROS PER SHARE
    * SUBSCRIPTION PERIOD: FROM 25 MAY 2021 TO 7 JUNE 2021
    * MAIN SHAREHOLDERS OF COVIVIO HOTELS HAVE IRREVOCABLY
UNDERTAKEN
TO SUBSCRIBE TO CAPITAL INCREASE ON IRREDUCIBLE BASIS UP TO
THEIR RESPECTIVE SHARE
    * SUBSCRIPTION COMMITMENTS COVER IN TOTAL 100% OF THE
CAPITAL
INCREASE
    * IS PREPARING WITH THIS OPERATION THE RESUMPTION OF THE
ACTIVITY
    * PROCEEDS OF CAPITAL INCREASE WILL BE USED TO REPAY
CORPORATE
DEBT OF TOTAL AMOUNT OF 250 MILLION
    * FUNDS RAISED WILL ALSO ENABLE THE COMPANY TO RETAIN ALL OF
AVAILABLE CASH AND AUTHORISED CREDIT LINES TO POSSIBLY SEIZE
INVESTMENT OPPORTUNITIES

Source text for Eikon:  ID:nNDLJ8Dtt 
Further company coverage:  COVH.PA 

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