Brief: Terranet Enters Into A Loan Agreement Of SEK 35 Mln And Issues Two Series Of Warrants

Terranet AB

22/04/2021 14:29

April 22 (Reuters) - TerraNet Holding AB  TERRNTb.ST :
    * REG-TERRANET ENTERS INTO A LOAN AGREEMENT TO FINANCE THE
ACQUISITION OF 10.84% OF HOLORIDE AND ISSUES TWO SERIES OF
WARRANTS FREE OF CHARGE
    * ENTERED INTO A LOAN AGREEMENT OF SEK 35 MILLION WITH
FORMUE NORD
A/S TO FINANCE ACQUISITION OF 10.84% OF HOLORIDE AS COMMUNICATED
IN A SEPARATE PRESS RELEASE
    * DECIDED TO ISSUE WARRANTS IN TWO SERIES, SERIES TO4 B AND
SERIES
TO5 B
    * A TOTAL OF 14,319,634 WARRANTS OF SERIES TO4 B AND
12,321,546
WARRANTS OF SERIES TO5 B WILL BE ISSUED
    * A SET-UP FEE OF 3.0% IS CHARGED UPON SIGNING OF LOAN
AGREEMENT,
AND LOAN HAS A FIXED INTEREST RATE OF 0.6% AS PER BEGINNING OF
EACH 30-DAY PERIOD

Source text for Eikon:  ID:nGNE1FYvpS 
Further company coverage:  TERRNTb.ST 

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