Brief: Freedom Foods To Conduct Process To Divest All Shares In Australia Fresh Milk Holdings

Noumi

17/11/2021 04:51

Nov 17 (Reuters) - Freedom Foods Group Ltd  FNP.AX :
    * FREEDOM FOODS GROUP LTD -  RESOLVED TO CONDUCT A PROCESS
TO
DIVEST ALL OF ITS SHARES IN AUSTRALIA FRESH MILK HOLDINGS PTY
LTD
    * FREEDOM FOODS GROUP LTD - PROPOSES TO ENTER SEPARATE BANK
GUARANTEE FACILITY OF UP TO US$18 MILLION
    * FREEDOM FOODS GROUP LTD -  TO APPLY PROCEEDS OF AUSTRALIA
FRESH
MILK HOLDINGS SALE AS SECURITY FOR ADDITIONAL GUARANTEE FACILITY
    * FREEDOM FOODS - INTENDS TO ISSUE A SECOND TRANCHE OF
CONVERTIBLE
NOTES TO PROVIDE IT WITH ADDITIONAL LIQUIDITY
    * FREEDOM FOODS GROUP -  RECEIVED OFFER FOR CO'S ENTIRE
SHAREHOLDING IN AFMH FROM ARROVEST PTY LTD (ARROVEST), FOR AT
LEAST A$25 MILLION
    * FREEDOM FOODS -  GOT SUPPORT FROM CERTAIN CONVERTIBLE
NOTEHOLDERS TO SUBSCRIBE FOR SECOND TRANCHE OF CONVERTIBLE NOTES
FOR UP TO A$26 MILLION

Source text for Eikon:  ID:nASX59V9W6 
Further company coverage:  FNP.AX 

 (Reuters.briefs@thomsonreuters.com)