Brief: Enertronica Santerno Files Debt Restructuring Request At Court Of Bologna

Enertronica Santerno SpA

30/06/2023 16:01

June 30 (Reuters) - Enertronica Santerno SpA  ENER.MI :
    * FILES AT COURT OF BOLOGNA DEBT RESTRUCTURING REQUEST
    * OPERATION INVOLVES INTERVENTION OF ILLIMITY BANK, OXY
CAPITAL AS
INVESTORS
    * SIGNS WITH PRIMARY SECTOR OPERATOR SUPPLY CONTRACT WORTH
ABOUT
EUR 10 MILLION AIMED AT REVAMPING
    * SEES IN 2027 REVENUES AT AROUND EUR 80 MILLION
    * SEES IN 2027 EBITDA MARGIN AT ABOUT 15%
    * SEES IN 2027 NET FINANCIAL DEBT AT EUR 11.7 MILLION
    * OXY, ILLIMITY TO FINANCE RESTRUCTURING WITH UP TO EUR 22
MILLION
    * TO INCREASE CAPITAL FOR UP TO EUR 8 MILLION, UP TO
16,000,000
ORDINARY SHARES BY JAN 31, 2024

Further company coverage:  ENER.MI 

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