Brief: Fermentalg SA Strenghtens Cash Position With EUR 6.3 Mln Bond Issue

Fermentalg SA

15/03/2023 06:40

March 15 (Reuters) - Fermentalg SA  FALG.PA :
    * TO SUPPORT ITS DEVELOPMENT PLAN, FERMENTALG IS
STRENGTHENING ITS
CASH POSITION THROUGH A EUR 6.3 MILLION BOND ISSUE WITH FOUR
EUROPEAN INVESTORS
    * THE 6 847 828 CONVERTIBLE BONDS ISSUED, WITH A NOMINAL
VALUE OF
EUR 1 EACH AND A TOTAL NOMINAL VALUE OF OF EUR 6 847 828, WERE
SUBSCRIBED AT 92% OF THEIR NOMINAL VALUE
    * THEY WILL NOT BEAR INTEREST AND WILL MATURE ON MARCH 13,
2026.
    * THE PROCEEDS OF THE ISSUE WILL BE USED TO FINANCE THE
COMPANY'S
OPERATING AND INVESTMENT NEEDS OF THE COMPANY AND EXTEND ITS
CASH VISIBILITY FROM 18 TO OVER 24 MONTHS

Source text for Eikon:  ID:nACT78936 
Further company coverage:  FALG.PA 

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