Brief: Paion And European Investment Bank Sign Financing Agreement For EUR 20 Million

PAION AG

28/06/2019 14:46

June 28 (Reuters) - Paion Ag  PA8G.DE :
    * DGAP-ADHOC: PAION AND THE EUROPEAN INVESTMENT BANK SIGN
FINANCING AGREEMENT FOR EUR 20 MILLION
    * UNSECURED LOAN WILL BE AVAILABLE OVER NEXT TWO YEARS
    * PAION PLANS TO MAKE USE OF FIRST TRANCHE OF UP TO EUR 5
MILLION
WITHIN SIX MONTHS AFTER SIGNING. EACH TRANCHE HAS A TERM OF FIVE
YEARS AND WILL BE REPAID BEGINNING IN FOURTH YEAR AFTER DRAWDOWN
    * PAION WILL PRIMARILY USE FUNDS FOR EU PHASE III PROGRAM

Source text for Eikon:  ID:nEQ7JVWJma 
Further company coverage:  PA8G.DE 

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