Brief: Frigoglass Announces New EUR 35.0 Million Interim Funding In The Form Of 13% Super Senior Secured Notes

Frigoglass SAIC

05/12/2022 07:36

Dec 5 (Reuters) - Frigoglass SA  FRIr.AT :
    * ANNOUNCES NEW FUNDING AND AGREEMENT ON A COMPREHENSIVE
RECAPITALIZATION
    * A COMMITTEE OF HOLDERS OF THE EUR 260.0 MILLION SENIOR
SECURED
NOTES DUE 2025  HAS AGREED TO PROVIDE CO EUR 35.0 MILLION OF
INTERIM FUNDING
    * INTERIM FUNDING WILL BE IN THE FORM OF 13% SUPER SENIOR
SECURED
NOTES DUE 2023 WITH THE ABILITY TO TAP AN ADDITIONAL EUR 20.0
MILLION
    * THE ADDITIONAL LIQUIDITY FROM BRIDGE NOTES AND TRANSACTION
WILL
ENABLE GROUP INVEST AND DELIVER ITS STRATEGIC BUSINESS PLAN TO
POSITION THE GROUP FOR SUSTAINABLE GROWTH

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