Brief: Ebioss Signs Financing Deal With Bondholders And Black Toro Capital

Tesla Energy Storage ED

25/07/2018 08:11

July 25 (Reuters) - Ebioss Energy ED  EBI.MC :
    * SAID ON TUESDAY SIGNED DEAL WITH ITS MAIN BONDHOLDERS AND
BLACK
TORO CAPITAL TO ACCELERATE INTERNATIONAL EXPANSION PLAN 
    * BLACK TORO CAPITAL (BTC) TO PROVIDE ADDITIONAL FINANCING
OF 4.0
MILLION EUROS AT 15 PERCENT PIK AND 3 YEARS MATURITY 
    * BTC RENEWS 1.0 MILLION EURO FINANCING ANNOUNCED AT
END-FEBRUARY
 urn:newsml:reuters.com:*:nL8N1QI2NX
    * EBIOS, BTC AND MAIN BONDHOLDERS TO DEFINE DEBT
RESTRUCTURING
THAT WILL DETERMINE ADDITIONAL FINANCING NEEDS AND COULD LEAD TO
PARTIAL OR TOTAL CAPITALIZATION OF BONDS
    * POTENTIAL ADDITIONAL INVESTMENT AND ITS POSSIBLE
CAPITALIZATION
IS EXPECTED TO BE FORMALIZED BEFORE DECEMBER 2018
    * AGREED TO ASSESS CONCESSION TO BTC AND BONDHOLDERS OF
WARRANTS
FOR 20 PERCENT OF ITS SHARE CAPITAL 

    
 Source text: https://bit.ly/2OfKVbP
    
 Further company coverage:  EBI.MC  
   


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