Brief: Kollect On Demand Holding Announces The Raise Of EUR 1 Mln Debt Facility

Mashup Ireland AB

04/09/2023 10:45

Sept 4 (Reuters) - Kollect on Demand Holding AB (publ)
 KOLL.ST :
    * KOLLECT ON DEMAND HOLDING AB ANNOUNCES THE RAISE OF EUR 1M
DEBT
FACILITY
    * ANNOUNCES RAISE OF EUR 1M FROM BEACH POINT CAPITAL
(IRELAND)
DAC, THROUGH SUBSIDIARY KOLLECT ON DEMAND LIMITED
    * FUNDS WILL BE USED TO REFINANCE AN EXISTING TERM LOAN WITH
INVOICEFAIR OF WHICH THERE WAS EUR 344K REMAINING
    * BALANCE WILL BE USED TO SUPPORT CONTINUED GROWTH OF
BUSINESS
    * ONE OF CONDITIONS OF LOAN IS THAT WITHIN 12 MONTHS,
KOLLECT ON
DEMAND HOLDING AB IS NO LONGER LISTED ON NASDAQ FIRST NORTH
    * INTEREST RATE CHARGED ON LOAN IS 13% ANNUALLY AND LOAN
WILL BE
OVER A 48 MONTH PERIOD
    * HAS TODAY DRAWN DOWN EUR 1M FROM A FACILITY OF WHICH A
TOTAL OF
UP TO EUR 4M MAY BE MADE AVAILABLE

Source text for Eikon:  ID:nMFN4cRrTT 
Further company coverage:  KOLL.ST 

 (Gdansk Newsroom)
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