Brief: Marie Brizard Wine And Spirits And COFEPP Sign Agreement

Marie Brizard Wine and Spirits SA

24/12/2018 07:05

Dec 24 (Reuters) - MARIE BRIZARD WINE AND SPIRITS SA
 MBWS.PA :
    * MBWS AND COFEPP SIGN A BINDING AGREEMENT
    * ANNOUNCED THE SIGNING OF A BINDING AGREEMENT WITH
COMPAGNIE
FINANCIÈRE EUROPÉENNE DE PRISES DE PARTICIPATION
    * SAYS COFEPP HAS COMMITTED TO SUBSCRIBE A LOAN FOR A
NOMINAL
AMOUNT OF 25 MILLION EUROS, AT AN ANNUAL INTEREST RATE OF 4.56%,
MATURING ON 30TH APRIL 2020
    * PROCEEDS OF THE BRIDGE LOAN WILL ALLOW FOR A PARTIAL
RECOVERY OF
GROUP'S FINANCIAL SITUATION, REPAYMENT OF SOME FINANCIAL DEBT,
AND STRENGTHENING OF ITS CASH POSITION
    * SUBSCRIPTION BY COFEPP TO AN INCREASE IN MBWS' CAPITAL FOR
37.712 MILLION EUROS

Source text for Eikon:  ID:nGNEbP4tKF 
Further company coverage:  MBWS.PA 

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