Brief: Heidelberg Pharma Gets Shareholder Loan

Heidelberg Pharma AG

21/12/2020 10:49

Dec 21 (Reuters) - HEIDELBERG PHARMA AG  HPHA.DE :
    * RECEIVES SHAREHOLDER LOAN BASED ON AN EXISTING FINANCING
COMMITMENT
    * IT HAS SIGNED A SUBORDINATED LOAN AGREEMENT FOR A TOTAL
AMOUNT
OF EUR 15 MILLION WITH ITS MAIN SHAREHOLDER DIEVINI HOPP BIOTECH
HOLDING GMBH & CO. KG
    * LOAN DOES NOT HAVE AN EXPIRATION DATE, IS UNSECURED AND
HAS AN
INTEREST RATE OF 6% PER ANNUM
    * MAY ACCESS LOAN WHEN NEEDED
    * AMOUNT OF LOAN CORRESPONDS TO FINANCING COMMITMENT FROM 21
JULY
2020 THAT WILL SECURE COMPANY'S CASH REACH UNTIL MID-2021

Source text for Eikon:  ID:nEQ6CF2Vla 
Further company coverage:  HPHA.DE 

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