July 8(Reuters) - Touax SA TETR.PA :
* Announced on Tuesday the success of its offering of net
share settled bonds convertible into new shares and/or
exchangeable for existing shares (ORNANE), for about 23 million
euros ($25.31 million)
* The transaction having been oversubscribed, the nominal
amount has been increased to approximately 23 million euros from
20 million euros
* The net proceeds from the issue will be applied up to 10
million euros to the partial refinancing of the revolving credit
facility borne by the Company and the bilateral loan granted by
Bank of China
* The remainder being applied to the progressive
amortization of the short-term portion of other operating debts
of the group, mainly such as leasing contract
Source text for Eikon: ID:nHUG7gh7zt
Further company coverage: TETR.PA
($1 = 0.9086 euros)
(Gdynia Newsroom)
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