Brief: Proximar Seafood Raises NOK 250 Million In New Convertible Bond

Proximar Seafood AS

17/10/2022 16:01

Oct 17 (Reuters) - Proximar Seafood AS  PROXI.OL :
    * SUCCESSFUL PLACEMENT OF NOK 250 MILLION CONVERTIBLE BONDS
    * HAS SUCCESSFULLY RAISED NOK 250 MILLION IN A NEW
CONVERTIBLE
BOND
    * CONVERTIBLE BOND HAS A TENOR OF 3 YEARS, A FIXED COUPON OF
7%
AND A CONVERSION PRICE OF NOK 5 PER SHARE
    * SETTLEMENT OF CONVERTIBLE BOND IS EXPECTED TO BE 27
OCTOBER 2022
    * ADDITIONALLY, NOK 50 MILLION WILL BE RAISED THROUGH
INCREASE OF
EXISTING DEBT FACILITY WITH JA MITSUI LEASING, WHICH BRINGS
TOTAL NEW FINANCING TO NOK 300 MILLION
    * THIS WILL ENABLE CO TO TAKE OWNERSHIP OF HATCHERY, NURSERY
IN
SHORT TERM, FURTHER FINANCE PROJECT EXPENDITURES THROUGH Q1 2023

Source text for Eikon:  ID:nObi1Hdm7a 
Further company coverage:  PROXI.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))