Brief: Prime Living Announces Recapitalization Plan

Studentbostader I Norden AB (publ)

20/09/2019 15:54

Sept 20 (Reuters) - Prime Living AB (publ)  PRIME.ST :
    * PRESENTS PLAN FOR RECAPITALIZATION
    * EXTENDS MATURITY OF SEVERAL BONDS
    * 56.8 MSEK OF CAMPUS STOCKHOLM BOND AND 231 MSEK OF SENIOR UNSECURED BOND TO BE CONVERTED
INTO
SHARES 
    * SHAREHOLDER LOAN OF ABOUT SEK 39.3 MILLION IS REPAID IN AMOUNT OF SEK 29.5 MILLION, SEK
9.8
MILLION WILL BE CONVERTED INTO ORDINARY SHARES
    * EXCHANGE OFFER TO OWNERS OF SERIES B PREFERENCE SHARES - ONE PREFERENCE SHARE IS EXCHANGED
AGAINST 20 ORDINARY SHARES
    * EXCHANGE OFFER IS IMPLEMENTED VIA REDEMPTION OF PREFERENCE SHARES AND DIRECTED NEW ISSUE
OF
ORDINARY SHARES

Source text for Eikon:  ID:nBQN5R3s8j 
Further company coverage:  PRIME.ST 

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