Brief: MND Group Announces Deal On Capital Increase, Financing

Montagne et Neige Developpement SA

12/01/2023 06:04

Jan 12 (Reuters) - MONTAGNE ET NEIGE DEVELOPPEMENT SA
 ALMND.PA :
    * AGREEMENT ON THE CAPITAL INCREASE AND FINANCING OF MND
GROUP
    * STRENGTHENING OF LIQUIDITY BY €20.7 MILLION
    * REDUCTION OF FINANCIAL DEBT BY €136.6 MILLION BY
CONVERSION INTO
CAPITAL VIA A CAPITAL INCREASE PROJECT RESERVED FOR CHEYNE
CAPITAL AND CHEYDEMONT
    * EXTENSION OF THE MATURITY OF THE FRENCH GOVERNMENT LOAN
GRANTED
IN 2020 THROUGH THE ECONOMIC AND SOCIAL DEVELOPMENT FUND
    * EXTENSION OF INDUSTRIAL BUILDINGS IN SAVOIE TO STRENGTHEN
THE
GROUP'S PRODUCTION CAPACITIES
    * MAINTAINING THE OPERATIONAL AND FINANCIAL OBJECTIVES OF
THE
"SUCCEED TOGETHER 2024" PLAN

Source text for Eikon:  ID:nACT78020 
Further company coverage:  ALMND.PA 
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