Brief: Lehto Group PLC Lehto Has Signed A New Revolving Credit Facility Agreement And Is Planning A Rights Issue

Lehto Oyj

30/06/2020 21:06

June 30 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO GROUP PLC: LEHTO HAS SIGNED A NEW REVOLVING CREDIT
FACILITY AGREEMENT AND IS PLANNING A RIGHTS ISSUE
    * LEHTO GROUP - NEW REVOLVING CREDIT FACILITY AGREEMENT,
REPLACES
PREVIOUS EUR 75 MILLION SYNDICATED REVOLVING CREDIT FACILITY
(RCF) AGREEMENT
    * LEHTO GROUP - NEW REVOLVING CREDIT FACILITY AGREEMENT IS
DONE
WITH SAME BANK SYNDICATE FORMED BY OP, NORDEA AND SWEDBANK
    * AGREEMENT AMOUNTS TO EUR 54 MILLION AND IS VALID UNTIL 31
DECEMBER 2022
    * PLANS A RIGHTS ISSUE WITH TARGET TO RAISE GROSS PROCEEDS
OF
ABOUT EUR 20-25 MILLION TO INCREASE CASH, EQUITY POSITION
    * LEHTO GROUP - IF REALIZED IN FULL, GROSS PROCEEDS FROM
CONTEMPLATED RIGHTS ISSUE ESTIMATED TO INCREASE LEHTO'S EQUITY
RATIO BY ABOUT 3-4 % POINTS

Source text for Eikon:  ID:nWkr63WZPs 
Further company coverage:  LEHTO.HE 

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