Highlight Event and Entertainment AG (SWX:HLEE) announced that it has entered into an agreement for private placement of convertible loan for gross proceeds of €9,000,000 on May 22, 2017. The transaction will include participation from returning investor, Obotritia Capital KGaA. The loan is convertible into the shares of the company. The loan carries maturity period of five years and a fixed interest rate of 6% per annum.