Brief: Proximar Seafood Announces Contemplated Convertible Bond Issue, Enabling Production Start During Oct 2022

Proximar Seafood AS

05/10/2022 21:57

Oct 5 (Reuters) - Proximar Seafood As  PROXI.OL :
    * FINANCING AND OPERATIONAL UPDATE: CONTEMPLATED CONVERTIBLE
BOND
ISSUE, ENABLING PRODUCTION START DURING OCTOBER 2022
    * CONTEMPLATING A CONVERTIBLE BOND ISSUE OF UP TO NOK 250M
    * RECENT CURRENCY EFFECTS HAVE INCREASED PROJECTED TOTAL
CAPEX FOR
FY BY APPROXIMATELY NOK 15 MILLION
    * PROXIMAR SEAFOOD - CONVERTIBLE BOND IS STRUCTURED AS
3-YEAR
CONVERTIBLE BOND WITH A CONVERSION PRICE OF NOK 6 PER SHARE AND
A COUPON OF 7%
    * PROXIMAR SEAFOOD - PLANS TO SOLVE NEAR-TERM LIQUIDITY
REQUIREMENTS BY INCREASING DEBT FACILITY BY APPROX NOK 50
MILLION AND A NOK 250 MILLION CONVERTIBLE BOND

Source text for Eikon:  ID:nObijJJKra 
Further company coverage:  PROXI.OL 
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