Brief: Roodmicrotec Announces Completion Of Secured Bond Loan Refinancing

RoodMicrotec N.V.

25/03/2021 07:35

March 25 (Reuters) - RoodMicrotec N.V.  ROON.AS :
    * ROODMICROTEC ANNOUNCES COMPLETION OF SECURED BOND LOAN REFINANCING
    * A LOAN OF EUR 2.6 MILLION WITH A DURATION OF 36 MONTHS HAS BEEN GRANTED TO
ROODMICROTEC N.V. LOAN HAS A 4.75% P/A INTEREST THAT SHALL BE PAID QUARTERLY
    * LOAN IS UNSECURED, PROVIDED THAT IN EVENT OF A DEFAULT LENDERS (OTHER THAN
MANAGEMENT) MAY REQUIRE ROODMICROTEC N.V. TO GRANT A FIRST RANKING RIGHT OF
MORTGAGE ON PROPERTY OF ROODMICROTEC GMBH IN NÖRDLINGEN; AND A FIRST RANKING
RIGHT OF PLEDGE ON OTHER FIXED ASSETS OF ROODMICROTEC GMBH, LOCATED IN
NÖRDLINGEN AND STUTTGART.
    * WILL GRANT A TOTAL NUMBER OF 7,485,000 NON-LISTED 5-YEAR WARRANTS TO
LENDERS
(EXCEPT MANAGEMENT)
    * EACH WARRANT SHALL ENTITLE RELEVANT LENDER OR SUBSEQUENT HOLDER OF
WARRANTS TO
SUBSCRIBE FOR ONE ORDINARY SHARE IN CAPITAL OF COMPANY AT A SUBSCRIPTION PRICE
OF EUR 0.15, TO BE PAID IN CASH UPON EXERCISE
    * AS NO WARRANTS SHALL BE GRANTED TO MANAGEMENT, THEY SHALL BE ENTITLED TO
6.75%
P/A INTEREST ON LOAN

Source text for Eikon:  ID:nGNE9mNyFX 
Further company coverage:  ROON.AS 

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