Brief: Strax AB Says Secures MEUR 30 Financing Through Proventus Capital Partners

Strax AB

17/07/2020 19:48

July 17 (Reuters) - Strax AB  STRAX.ST :
    * STRAX: STRAX AB SECURES MEUR 30 FINANCING THROUGH
PROVENTUS
CAPITAL PARTNERS
    * STRAX AB - LOAN PROCEEDS WILL BE PAID OUT IN TWO TRANCHES
    * STRAX AB -  SUBORDINATED TRANCHE OF MEUR 6 IN JULY 2020 TO
PROVIDE ADDITIONAL WORKING CAPITAL UNTIL FULL AMOUNT IS PAID OUT
IN OCTOBER 2020
    * STRAX AB - LOAN FROM PROVENTUS CAPITAL IS FOR TERM OF FIVE
YEARS
& FULL AMOUNT IS DENOMINATED IN EUR; LOAN WILL CARRY EURIBOR
+7.5 % INTEREST RATE
    * STRAX AB - PROVIDED COVENANTS ARE FULFILLED, LOAN
AGREEMENT
ALLOWS YEARLY DIVIDEND OF UP TO 50 PERCENT OF PROFITS

Source text for Eikon:  ID:nWkr6MDZn4 
Further company coverage:  STRAX.ST 

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