Brief: Novaturas Announces Investment Agreement With State Investment Management Agency Worth Of EUR 10.0 Million

Novaturas AB

17/02/2021 08:44

Feb 17 (Reuters) - Novaturas AB  NTU1L.VL :
    * ANNOUNCES AGREEMENT WITH STATE INVESTMENT MANAGEMENT
AGENCY ON
EUR 10.0 MILLION INVESTMENT IN THE COMPANY'S BONDS FOR A PERIOD
OF SIX YEARS
    * SAYS THE FUND WILL PURCHASE  CONVERTIBLE BONDS WORTH OF
EUR 5.0
MILLION AND ORDINARY BONDS WORTH OF EUR EUR 5.0MLN ISSUED BY THE
COMPANY
    * SAYS THE FINANCING IS GRANTED FOR 6 YEAR PERIOD
    * SAYS IF SHAREHOLDERS ALSO APPROVE TO ASSIGN PRE-EMPTIVE
RIGHT TO
ACQUIRE NEWLY ISSUED CONVERTIBLE BONDS TO THE STATE AID FUND, 
LUMINOR BANK WILL ALSO PROVIDE COMPANY WITH FAVORABLE LOANS
REPAYMENT CONDITIONS
    * SAYS LUMINOR BANK WILL REDUCE THE LOANS INTEREST AND
EXTEND THE
REPAYMENT SCHEDULE OF EUR 5.5 MILLION LONG-TERM LOAN UNTIL THE
END OF 2023

Source text:  ID:nGNE96Rzdp 
Further company coverage:  NTU1L.VL 

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