Highlight Event and Entertainment AG (SWX:HLEE) announced a private placement of CHF 22,200,000 on June 14, 2021. Under the terms, the company has entered into loan agreements for CHF 15,000,000 with returning investor Victorinox AG and the Victorinox AG pension fund with the loan convertible into a total of 500,000 company common shares at a conversion price of CHF 30 per share and company will also issue 240,000 common shares for CHF 30 per share for gross proceeds of CHF 7,200,000 to an external investor. On the same date, the company received CHF 15,000,000 under the loan agreement.