Brief: Median Technologies Announces Signature Of Securities Purchase Agreement For Convertible Bonds Issuance

Median Technologies SA

12/07/2023 16:50

July 12 (Reuters) - Median Technologies SA  ALMDT.PA :
    * H1 2023 REVENUE AT EUR 11.4M, AN INCREASE FROM H2 2022
REVENUE
(EUR 11.1M)
    * MEDIAN TECHNOLOGIES REPORTS ITS BUSINESS ACTIVITY FOR THE
FIRST
HALF OF 2023 AND ANNOUNCES THE FIRST STEP OF ITS REFINANCING
PLAN
    * CASH AND CASH EQUIVALENTS AT EUR 8.3M AS AT JUNE 30, 2023
    * ORDER BACKLOG AT EUR 64.6M AS AT JUNE 30, 2023
    * CONVERTIBLE BONDS FOR AN AMOUNT OF EUR 10 MILLION WITH A
MATURITY OF 7 YEARS TO BE SUBSCRIBED FOR BY LONG-TERM
SHAREHOLDER CELESTIAL SUCCESSOR FUND, LP.
    * COMPANY IS ALSO ANNOUNCING SIGNATURE OF SECURITIES
PURCHASE
AGREEMENT WITH CELESTIAL SUCCESSOR FUND, LP ("CSF"), FOR
CONVERTIBLE BONDS ISSUANCE ( "CONVERTIBLE BONDS") TO CSF FOR AN
AMOUNT OF EUR 10 MILLION
    * CONVERTIBLE BONDS, WITH 7-YEAR MATURITY, WILL BEAR
PAID-IN-KIND
INTEREST AT RATE OF 8.5%
    * COMPANY'S INITIATIVES TO REINFORCE ITS CASH AND EQUITY
POSITIONS
AIM TO EXTEND FINANCING OUTLOOK UNTIL 2025
    * COMPANY MAY DRAW SECOND TRANCHE OF LOAN GRANTED BY
EUROPEAN
INVESTMENT BANK (EIB) FOR FURTHER EUR 10 MILLION

Source text for Eikon:  ID:nBwccg3R0a 
Further company coverage:  ALMDT.PA 

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