Brief: Q-Free Signs New Long-Term Financial Agreement

Q-Free ASA

23/04/2020 09:31

April 23 (Reuters) - Q-Free ASA  QFR.OL :
    * Q-FREE ASA ANNOUNCES A NEW LONG-TERM FINANCIAL AGREEMENT
WITH
MAIN BANK AND CONVERTIBLE BOND ISSUE PRE-COMMITTED AT THE MINIUM
AMOUNT
    * CONVERTIBLE BOND ISSUE WILL BEAR INTEREST AT 6 MONTHS
NIBOR + 4
PERCENTAGE POINTS PER ANNUM WITH DEFERRAL OPTIONALITY
    * EFFECT OF CORONA VIRUS SITUATION IS EXPECTED TO CAUSE A
TEMPORARY STRAIN ON COMPANY'S LIQUIDITY.
    * NEW ADDED FACILITY AMOUNTS TO 82 MNOK AND IS PARTLY
GUARANTEED
BY GIEK AS PART OF NORWEGIAN GOVERNMENT'S COVID 19 SUPPORT
PACKAGES

Source text for Eikon:  ID:nWkrLP2Fv 
Further company coverage:  QFR.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))