Brief: Leclanché Secures Convertible Loan Facility Of Up To CHF 39 Million

Leclanche SA

18/02/2020 06:08

Feb 18 (Reuters) - LECLANCHE SA  LECN.S :
    * SECURES CONVERTIBLE LOAN FACILITY OF UP TO CHF 39 MILLION
WITH
YORKVILLE ADVISORS AND ADDITIONAL CONVERTIBLE LOAN FACILITY OF
CHF 25 MILLION WITH FEFAM
    * COMPANY CONFIRMS SEPARATE INVESTMENT OF CHF 25 MILLION BY
FEFAM
    * INITIAL CHF 2.9 MILLION TRANCHE UNDER CONVERTIBLE LOAN
FACILITY
    * TERMS OF AGREEMENT WITH YORKVILLE ADVISORS ALLOWS IT TO
CONVERT
EACH LOAN NOTE INTO LECLANCHÉ SHARES
    * ADDITIONAL FINANCING FROM A LONG-TIME SUPPORTIVE
SHAREHOLDER OF
LECLANCHÉ BRINGS TOTAL GROWTH FUNDING RAISED IN 2020 TO UP TO
APPROX. CHF 64 MILLION

Source text for Eikon:  ID:nEQ6YbXb5a 
Further company coverage:  LECN.S 

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