Brief: Audiovalley Announces Extension Of Agreement With Vivendi On Vendor Credit Early Repayment

Winamp SA

29/11/2019 17:13

Nov 29 (Reuters) - Audiovalley SA  ALAVY.PA :
    * ACQUISITION OF RADIONOMY/TARGETSPOT : EXTENSION OF THE
AGREEMENT
WITH VIVENDI ON THE VENDOR CREDIT EARLY REPAYMENT
    * IT HAS SIGNED A NEW AGREEMENT WITH VIVENDI ON THE
RENEGOTIATION
OF THE TERMS OF THE VENDOR CREDIT EARLY REPAYMENT CLAUSE
ESTABLISHED DURING THE ACQUISITION OF THE MAJORITY STAKE IN THE
RADIONOMY/TARGETSPOT ACTIVITY
    * AUDIOVALLEY NOW OWNS 98.53% OF THE COMPANY'S CAPITAL
    * WITH THE AGREEMENT ANNOUNCED TODAY, AUDIOVALLEY IS ABLE
NOW TO
REPAY VIVENDI IN ADVANCE WITH AN INITIAL PAYMENT OF €13M BY 20
DECEMBER 2019

Source text: https://bit.ly/2L7MicV
Further company coverage:  ALAVY.PA 

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