Brief: Plby Group Inc Announces Capital Raise Of $65 Million

Playboy

02/02/2023 13:58

Feb 2 (Reuters) - Plby Group Inc  PLBY.O :
    * PLBY GROUP ANNOUNCES SUCCESSFUL RIGHTS OFFERING AND TOTAL
CAPITAL RAISE OF $65 MILLION
    * PLBY GROUP INC - RIGHTS OFFERING WILL PROVIDE COMPANY WITH
GROSS
PROCEEDS OF $50 MILLION, BEFORE OFFERING FEES AND EXPENSES
    * PLBY GROUP-EXPECTS TO USE MINIMUM 80% OF GROSS PROCEEDS
FROM
RIGHTS OFFERING FOR REPAYMENT OF SENIOR DEBT UNDER ITS CREDIT
AGREEMENT
    * PLBY GROUP INC - PURSUANT TO RIGHTS OFFERING, HOLDERS
SUBSCRIBED
ASSUMING SUBSCRIPTION PRICE WAS $3.50 PER SHARE

Source text for Eikon:  ID:nGNX1nPGZ5 
Further company coverage:  PLBY.O 
 ((Reuters.Briefs@thomsonreuters.com;))