Brief: ViroGates Announces Receipt Of Debt Financing Proposal From Vækstfonden

ViroGates A/S

28/06/2022 15:13

June 28 (Reuters) - ViroGates A/S  VIROG.CO :
    * VIROGATES ANNOUNCES RECEIPT OF A DEBT FINANCING PROPOSAL
FROM
VÆKSTFONDEN
    * PRINCIPAL AMOUNT IS UP TO DKK 12.5 MILLION, DEPENDENT ON
FINAL
EQUITY AMOUNT IN ONGOING RIGHTS EMISSION
    * PRINCIPAL AMOUNT WILL MATCH FINAL EQUITY AMOUNT AT AN
EXPECTED
MINIMUM OF DKK 9.5 MILLION
    * INTEREST RATE IS BASED ON CIBOR3 + A FIXED INTEREST OF
BETWEEN
8-10%, SUBJECT TO FINAL CREDIT RATING OF VIROGATES.
    * DURATION IS SIX YEARS WITH AN UP TO TWO YEARS GRACE PERIOD
    * PAYMENTS ARE MADE IN TWO TRANCHES SUBJECT TO SPECIFIC
PERFORMANCE CRITERIA BY VIROGATES IN TERMS OF ITS SALES, EBITDA
AND CASH PERFORMANCE.

Source text for Eikon:  ID: 
Further company coverage:  VIROG.CO 

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