Brief: Medios Buys Koelsche Blister GmbH And Raises Debt Capital

Medios AG

19/03/2020 12:03

March 19 (Reuters) - MEDIOS AG  ILM1k.DE :
    * ACQUIRES KÖLSCHE BLISTER GMBH AND RAISES DEBT CAPITAL
    * PURCHASE PRICE FOR KÖLSCHE BLISTER GMBH AMOUNTS TO EUR 3
MILLION
AND WILL BE PAID HALF EACH IN FORM OF MEDIOS SHARES AND CASH
    * TODAY SIGNED A CONTRACT FOR A SYNDICATED LOAN IN FORM OF
TWO
FACILITIES TOTALING EUR 62.5 MILLION
    * NEW SHARES TO BE ISSUED WILL BE CREATED FROM AUTHORIZED
CAPITAL
IN A CAPITAL INCREASE IN KIND EXCLUDING SUBSCRIPTION RIGHTS
    * SHARE CAPITAL OF MEDIOS AG WILL BE INCREASED FROM EUR
14,564,019
TO EUR 14,628,590
    * LOAN WILL ENABLE MEDIOS TO FINANCE FUTURE GROWTH AND TO
MAKE
FURTHER ACQUISITIONS IF REQUIRED
    * BOTH FACILITIES WILL MATURE ON 30 DECEMBER 2022 WITH AN
EXTENSION OPTION FOR TWO YEARS
    * INITIAL VARIABLE INTEREST RATE OF LOAN IS EQUAL TO EURIBOR
PLUS
A MARGIN OF 1.50 AND 1.25% P.A. RESPECTIVELY

Source text for Eikon:  ID:nEQ23TCc1a 
Further company coverage:  ILM1k.DE 

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