Brief: Norwegian Block Exchange Extends Convertible Loans

Norwegian Block Exchange AS

23/10/2023 08:10

Oct 23 (Reuters) - Norwegian Block Exchange AS  NBX.OL :
    * HAS RENEGOTIATED AND EXTENDED 22.85 MNOK IN UNSECURED
CONVERTIBLE LOANS WITH EXISTING INVESTORS
    * LOANS TOTALLING 23.85 MNOK ORIGINALLY MATURED IN NOVEMBER
2023
    * AFTER ISSUE, CO HAS CONVERTIBLE LOANS TOTALLING NOK 41
MILLION
    * NEW LOANS ARE NOK 24 MILLION INCLUDING ACCRUED INTEREST,
HAVE A
ONE-YEAR TERM, 8% INTEREST RATE AND CONVERSION RATE NOK 0.60
    * LOANS CAN BE CONVERTED CONTINUOUSLY FROM NOVEMBER 2023

Source text for Eikon:  ID:nObiS9CFwa 
Further company coverage:  NBX.OL 

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