Brief: Selina Hospitality Says Agreement In Principle On Terms For $28 Mln In Equity Financing, With An Initial Tranche Of $20 Mln Expected To Be Funded In Dec
04/12/2023 13:24
Dec 4 (Reuters) - Selina Hospitality PLC SLNA.O :
* SELINA HOSPITALITY PLC PROVIDES UPDATE REGARDING
FUNDRAISING AND
LIABILITY MANAGEMENT EFFORTS
* SELINA HOSPITALITY - AGREEMENT IN PRINCIPLE ON TERMS FOR
$28
MILLION IN EQUITY FINANCING, WITH AN INITIAL TRANCHE OF $20
MILLION EXPECTED TO BE FUNDED IN DEC
* SELINA HOSPITALITY PLC - AGREEMENT IN PRINCIPLE ON TERMS
FOR
RESTRUCTURING OF ITS $147.5 MILLION 6.00% CONVERTIBLE SENIOR
NOTES DUE 2026
* SELINA HOSPITALITY - AGREEMENT IN PRINCIPLE ON TERMS FOR
UP TO
$40 MILLION OF OPTIONAL EQUITY FINANCING, SUBJECT TO DEFINITIVE
AGREEMENTS
* SELINA HOSPITALITY PLC - UNDER AGREEMENT OSPREY WOULD HAVE
RIGHT
TO APPOINT A TOTAL OF FOUR DIRECTORS TO BOARD OF DIRECTORS OF
COMPANY
Source text for Eikon: ID:nBw58PDVva
Further company coverage: SLNA.O
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