Brief: Lumi Gruppen: Contemplated Private Placement

Lumi Education AS

07/03/2023 15:52

March 7 (Reuters) - Lumi Gruppen AS  LUMI.OL :
    * LUMI GRUPPEN AS: CONTEMPLATED PRIVATE PLACEMENT
    * TO RAISE GROSS PROCEEDS OF UP TO NOK 175 MILLION
    * SUBSCRIPTION PRICE IN PRIVATE PLACEMENT HAS BEEN SET TO
NOK
10.50 PER SHARE
    * HAS APPOINTED ABG SUNDAL COLLIER ASA AND NORDEA BANK ABP,
FILIAL
I NORGE AS JOINT BOOKRUNNERS FOR PRIVATE PLACEMENT
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO I)
STRENGTHEN BALANCE SHEET, (II) AND GENERAL CORPORATE PURPOSES.
    * RECEIVED A COMMITMENT LETTER FROM NORDEA FOR A NEW
LONG-TERM
CREDIT FACILITY IN AMOUNT OF NOK 300-330 MILLION IN ADDITION TO
A REVOLVING CREDIT FACILITY OF NOK 70 MILLION
    * ADVOKATFIRMAET HAAVIND AS IS ACTING AS LEGAL ADVISOR TO
COMPANY
IN CONNECTION WITH PRIVATE PLACEMENT
    * APPLICATION PERIOD IN PRIVATE PLACEMENT WILL COMMENCE
TODAY, 7
MARCH 2023, AT 16:30 HOURS CET AND CLOSE ON 8 MARCH 2023 AT
08:00 HOURS CET

Source text for Eikon:  ID:nObiBrg5ya 
Further company coverage:  LUMI.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))