Brief: ORAPI Announces Modification in Restructuring Terms

Orapi SA

05/06/2020 06:28

June 5 (Reuters) - ORAPI SA  ORPF.PA :
    * MODIFICATION IN ORAPI RESTRUCTURING TERMS
    * NEW FINANCING FROM KARTESIA FOR EUR 17 MILLION
    * KARTESIA FINANCING: ORAPI PROCEEDS WITH NON-TRADED SIMPLE
BOND
ISSUE WITH EUR 1 FACE VALUE EACH
    * KARTESIA BUYS ORAPI'S ENTIRE FRENCH (EXCLUDING MORTGAGE
DEBT OF
EUR 0.6 MILLION) AND BOND DEBTS
    * CONVERSION INTO CAPITAL OF 19.81% OF NOMINAL VALUE OF BANK
AND
BOND CLAIMS (I.E. 10.3 MILLION EUROS) VIS ISSUE OF 2 MILLION NEW
ORDINARY SHARES
    * CONVERSION OF 76.26% OF NOMINAL VALUE OF BANK AND BOND
RECEIVABLES (I.E. 39.6 MILLION EUROS) VIA NON-TRADED BOND ISSUES
    * DECIDED TO ALLOCATE FREE STOCK WARRANTS (BSA" TO
SHAREHOLDERS
WHICH LA FINANCIÈRE M.G.3.F AND MEMBERS OF CHIFFLOT FAMILY WILL
WAIVE

Source text for Eikon:  ID:nGNEcd7FT0 
Further company coverage:  ORPF.PA 

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