Brief: Polypeptide Secures Revolving Credit Facility

PolyPeptide AG

02/10/2023 06:03

Oct 2 (Reuters) - PolyPeptide Group AG  PPGN.S :
    * ANNOUNCES SIGNING OF A REVOLVING CREDIT FACILITY AGREEMENT
WITH
CREDIT SUISSE, DANSKE BANK AND ZÜRCHER KANTONALBANK AS MANDATED
LEAD ARRANGERS, COMPLEMENTED BY EXTENSION OF CREDIT FACILITY
WITH ITS MAJORITY SHAREHOLDER, CONCLUDING PREVIOUSLY DISCLOSED
FINANCING NEGOTIATIONS.
    * IN PARALLEL, DRAUPNIR HOLDING B.V. AGREED TO EXTEND ITS
EUR 40
MILLION CREDIT FACILITY, WHICH MAY BE REFINANCED UNDER RCF
SUBJECT TO CERTAIN CONDITIONS
    * WITH CREDIT SUISSE AS COORDINATOR AND AGENT, BANKS
COMMITTED TO
A THREE-YEAR REVOLVING CREDIT FACILITY (RCF) IN AMOUNT OF EUR
111 MILLION WITH AN UNCOMMITTED INCREASE OPTION OF EUR 40
MILLION

Source text for Eikon:  ID:nEQ3mGrNYa 
Further company coverage:  PPGN.S 

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