Brief: Genfit Announces Final Terms For Proposed Renegotiation Of 2022 OCEANE Convertible Bonds

Genfit SA

23/11/2020 07:19

Nov 23 (Reuters) - Genfit SA  GNFT.PA :
    * REG-GENFIT ANNOUNCES FINAL TERMS FOR PROPOSED
RENEGOTIATION OF
2022 OCEANE CONVERTIBLE BONDS
    * CONVERSION RATIO ADJUSTMENT FROM 1: 1 TO 1: 5.5
    * UNDER THESE NEW TERMS, FINAL MATURITY OF 2022 OCEANES
WOULD BE
DEFERRED UNTIL OCTOBER 16, 2025
    * INITIATION OF EARLY REDEMPTION PERIOD WOULD BE DEFERRED
UNTIL
NOVEMBER 3, 2023
    * UNDERTAKES TO REPURCHASE, AT A PRICE OF EUR 16.40 PER 2022
OCEANE, A MAXIMUM OF 3,048,780 2022 OCEANES, REPRESENTING AN
AMOUNT EQUIVALENT TO 50.1% OF OUTSTANDING 2022 OCEANES
    * DEFERRAL OF INITIATION OF EARLY REDEMPTION PERIOD PROVIDED
FOR
IN 2022 OCEANES TERMS AND CONDITIONS (UNTIL NOVEMBER 3, 2023)
    * NOMINAL VALUE AS WELL AS REDEMPTION PRICE OF OCEANES WILL
REMAIN
UNCHANGED AT EUR 29.60 PER OCEANE

Source text for Eikon:  ID:nGNEc0Pqm0 
Further company coverage:  GNFT.PA 

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