Brief: Challenger Mobile Takes Loans Of SEK 30 Mln To Finance Acquisition

Safe Lane Gaming AB (publ)

08/09/2020 07:27

Sept 8 (Reuters) - Challenger Mobile AB  CHALb.TE :
    * SAID ON MONDAY HAS TAKEN LOANS TOTALING SEK 30 MLN TO
FINANCE
ACQUISITION OF BATTLECAMP AB
    * LOANS PROVIDED BY LUBRICA EQUITY AB, MODELIO EQUITY AB,
MUNKEKULLEN 5 FÖRVALTNING AB AND STIFAG AB
    * LOANS RUN UNTIL DEC 31 2020 AND WITH INTEREST OF 1.5% PER
MONTH
    * IN ADDITION AN ARRANGEMENT FEE OF 8% OF TOTAL LOAN AMOUNT
WILL
BE PAID
    * CO HAS THE RIGHT TO REPAY THE LOANS EARLY
    * IF LOANS ARE NOT REPAID BY OCTOBER 31, LUBRICA EQUITY,
MODELIO
EQUITY AND MUNKEKULLEN 5 FÖRVALTNING WILL HAVE THE RIGHT TO
FULLY OR PARTIALLY CONVERT THEIR LOANS TOTALING SEK 20 MLN INTO
CHALLENGER MOBILE SHARES
    * INTENDS TO IMMEDIATELY BEGIN DISCUSSIONS ON REFINANCING
THE LOAN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr5GtbKk
    
 Further company coverage:  CHALb.TE  
   


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