Brief: KH Group's Target Company NRG Amends Its Financing Agreement

KH Oyj

19/05/2023 16:03

May 19 (Reuters) - KH Group Oyj  KHG.HE :
    * KH GROUP'S TARGET COMPANY NORDIC RESCUE GROUP HAS AMENDED
ITS
FINANCING AGREEMENT AND AGREED ON FOLLOW-ON INVESTMENTS
    * NRG HAS SIGNED AMENDED FINANCING AGREEMENT. RECEIVED
COMMITMENTS
FROM ITS MAIN OWNERS ON EUR 1.5 MILLION FOLLOW-ON INVESTMENTS
    * AMENDMENTS TO FINANCING AGREEMENT INCLUDING COVENANT
LEVELS
AMONG OTHERS, FOLLOW-ON INVESTMENTS STRENGTHEN NRG'S BALANCE
SHEET AFTER CEASING RESCUE LIFT BUSINESS
    * KH GROUP PLC'S SHARE OF FOLLOW-ON INVESTMENT IN NRG IS EUR
0.75
MILLION (50%)
    * INVESTMENT WILL BE MADE IN INSTALLMENTS BY END OF JUNE
2024

Source text for Eikon:  ID:nGNEkpHf8 
Further company coverage:  KHG.HE 

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