Brief: Teco 2030 Secures NOK 70.6 Million In Secured Convertible Loan

Teco 2030 ASA

30/05/2022 06:12

May 30 (Reuters) - Teco 2030 ASA  TECO.OL :
    * TECO 2030 SECURES 70.6 MNOK IN SECURED CONVERTIBLE LOAN
    * HAS TODAY SECURED 70.6 MNOK IN A SECURED CONVERTIBLE LOAN
FROM
NEW AND EXISTING INVESTORS, INCLUDING COMPANY'S SAUDI ARABIAN
PARTNER AND ITS LANDLORD IN NARVIK
    * CONVERTIBLE LOAN HAS A TERM OF 3 YEARS, AN INTEREST OF 8 %
P.A.
AND CAN BE CONVERTED BY SHAREHOLDERS AT A CONVERSION RATE OF
5,0868 NOK

Source text for Eikon:  ID:nObi98HDPa 
Further company coverage:  TECO.OL 

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