Brief: SLM Solutions Announces Conclusion Of Financing Agreement And Planned Subscription Offer Of Convertible Bonds

Nikon SLM Solutions AG

26/03/2020 22:56

March 26 (Reuters) - SLM Solutions Group AG  AM3D.DE :
    * CONCLUSION OF A FINANCING AGREEMENT AND PLANNED
SUBSCRIPTION
OFFER OF CONVERTIBLE BONDS
    * ENTERED INTO FINANCING AGREEMENT WITH LARGEST SHAREHOLDER,
CORNWALL GMBH & CO. KG
    * DOES NOT INTEND TO APPLY FOR LISTING OF NEW CONVERTIBLE
BONDS OR
ADDITIONAL CONVERTIBLE BONDS ON ANY DOMESTIC/ FOREIGN STOCK
EXCHANGE
    * INITIAL CONVERSION PRICE AT WHICH HOLDERS OF SECOND
TRANCHE CAN
CONVERT THESE INTO SHARES OF CO WILL AMOUNT TO EUR 7.75 PER NEW
SHARE
    * UNDER AGREEMENT, CORNWALL HAS UNDERTAKEN TO SUBSCRIBE FOR
NEW
CONVERTIBLE BONDS IN TOTAL VOLUME OF APPROX. EUR 60 MILLION
    * INITIAL CONVERSION PRICE OF THIRD TRANCHE WILL AMOUNT TO
EUR
8.75 PER NEW SHARE
    * INTENDS TO ISSUE NEW CONVERTIBLE BONDS STARTING IN JUNE
2020
UNTIL 30 SEPTEMBER 2023 AT LATEST

Source text for Eikon:  urn:newsml:reuters.com:*:nEQ2zk4NRa
Further company coverage:  AM3D.DE 

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