Brief: Prfoods To Issue Convertible Notes Of Up To EUR 3.5 Million

PRFoods AS

07/05/2021 15:56

May 7 (Reuters) - PRFoods AS  PRF1T.TL :
    * SAYS COMPANY IS PLANNING ISSUE OF SUBORDINATED CONVERTIBLE
NOTES
WITH THE AGGREGATE AMOUNT OF UP TO EUR 3.5 MILLION
    * SAYS SUBORDINATED CONVERTIBLE NOTES TO BE ISSUED IN
MULTIPLE
TRANCHES AND FIRST ISSUE IS PLANNED IN Q2 OF FY 2021
    * SAYS PLANS TO ISSUE UP TO 350 SUBORDINATED CONVERTIBLE
NOTES
WITH NOMINAL VALUE AND ISSUE PRICE OF EUR 10,000 PER NOTE
    * SAYS MATURITY DATE OF NOTES ON SEPT.1 2025 AND INTEREST
RATE OF
7% PER CALENDAR YEAR
    * SAYS PLANS TAP-ISSUE OF UP TO 10,000 SECURED NOTES WITH
THE
NOMINAL VALUE OF EUR 100.00 PER SECURED NOTE
    * SAYS TAP-ISSUE NOTES HAVE MATURITY DATE OF JAN. 2025,
EARLY
REDEMPTION RIGHTS AND FIXED INTEREST RATE OF 6.25% PER CALENDAR
YEAR

Source text:  ID:nGNE35hfDX 
Further company coverage:  PRF1T.TL 

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