Brief: NextNav Announces Additional $20 Mln In Debt Financing

Nextnav

12/06/2023 21:13

June 12 (Reuters) - NextNav Inc  NN.O :
    * NEXTNAV INC. ANNOUNCES ADDITIONAL $20 MILLION IN DEBT
FINANCING
    * NEXTNAV INC- ADDITIONAL FINANCING BRINGS TOTAL FACILITY TO
$70
MILLION AT CLOSING
    * NEXTNAV INC- ANNOUNCED BINDING COMMITMENTS TO PURCHASE
ADDITIONAL $20 MILLION AGGREGATE PRINCIPAL AMOUNT OF 10.00%
SENIOR SECURED NOTES DUE DECEMBER 2026
    * NEXTNAV INC- BINDING COMMITMENTS FOR ADDITIONAL 7.4
MILLION
COMMON STOCK PURCHASE WARRANTS TO PURCHASE SHARES OF NEXTNAV'S
COMMON STOCK

Source text for Eikon:  ID:nPn4Rgq7Za 
Further company coverage:  NN.O 

 ((Reuters.Briefs@thomsonreuters.com;))