Brief: Techstep Secures Financing, Converts Remaining Seller's Credits To Shares

Techstep ASA

05/07/2023 12:54

July 5 (Reuters) - Techstep ASA  TECH.OL :
    * TECHSTEP ASA: REFINANCING SECURES MORE FLEXIBLE AND
LONG-TERM
BANK FINANCING AND CONVERTS ALL REMAINING SELLER'S CREDITS TO
SHARES
    * REFINANCING PACKAGE INCREASE TOTAL AVAILABLE LIQUIDITY
WITH NOK
25 MILLION
    * SUBSCRIPTION PRICE PER NEW SHARE IN CONVERSION EQUALS NOK
13.70
    * REFINANCING PACKAGE RESTRUCTURES INTEREST-BEARING DEBT,
INCREASING LONG TERM DEBT BY NOK 50 MILLION WITH A 50/50
FIVE-YEAR AMORTISATION AND FIVE-YEAR BULLET

Source text for Eikon:  ID:nWkrVHyql 
Further company coverage:  TECH.OL 

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