Brief: Latecoere Enters Into New Loans, Commits To Launching Rights Issue

Latecoere SA

02/07/2021 06:04

July 2 (Reuters) - Latecoere SA  LAEP.PA :
    * LATECOERE STRENGTHENS ITS LIQUIDITY BY ENTERING INTO NEW PGE LOANS AND
COMMITS
TO LAUNCHING A RIGHTS ISSUE WITH SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS
IN THE UPCOMING WEEKS
    * COMPREHENSIVE RECAPITALISATION OF AT LEAST EUR 292.5 MILLION TO STRENGTHEN
GROUP
    * NEW PRET GARANTI PAR L'ETAT (PGE) AGREEMENTS COVER A TOTAL AMOUNT OF EUR
130
MILLION, SECURING A STRONG LIQUIDITY POSITION AND ENSURING COMPLETION OF
TRANSFORMATION PLAN ANNOUNCED IN 2020
    * IS PROJECTING TO LAUNCH A RIGHTS ISSUE WITH SHAREHOLDERS' PREFERENTIAL
SUBSCRIPTION RIGHTS FOR A MINIMUM AMOUNT OF EUR 162.5 MILLION FULLY UNDERWRITTEN
BY ITS REFERENCE SHAREHOLDER SEARCHLIGHT CAPITAL PARTNERS TO ENABLE ORGANIC AND
INORGANIC GROWTH

Source text for Eikon:  ID:nBwb5KpF2a 
Further company coverage:  LAEP.PA 

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