Brief: Surf Air Mobility Enters Into Binding Terms For A $35.2 Million Mandatory Convertible Debenture With Gem Global Yield
28/12/2023 13:34
Dec 28 (Reuters) - Surf Air Mobility Inc SRFM.N :
* SURF AIR MOBILITY ENTERS INTO BINDING TERMS FOR A $35.2
MILLION
MANDATORY CONVERTIBLE DEBENTURE WITH GEM GLOBAL YIELD LLC
* SURF AIR: PARTIES AGREE TO CANCEL PREVIOUSLY ISSUED
SHARES,
RESTRICT SALES AND REDEMPTION RIGHTS, RAISE CAPACITY UNDER $400
MILLION SHARE SUBSCRIPTION
* SURF AIR MOBILITY- GEM TO REFRESH CO'S ABILITY TO TAKE
ADVANCE
DRAWDOWNS (UP TO $100 MILLION) REGULAR WAY DRAWDOWNS (UP TO $300
MILLION) TO FULL CAPACITY
* SURF AIR MOBILITY INC - IN CONSULTATION WITH ITS BOARD OF
DIRECTORS, ELECTED TO AMEND EXISTING AGREEMENTS WITH GEM WITH
CERTAIN OBJECTIVES
Source text for Eikon: ID:nBwb9Jdmva
Further company coverage: SRFM.N
((Reuters.Briefs@thomsonreuters.com;))
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