The Board of Directors of
The Board continuously evaluates suitable financing options in order to secure the Company's strategy in a shareholder-advantageous manner and at the same time increase and accelerate the synergies and scale-up opportunities identified within the portfolio. Overall, the Board of Directors has made the assessment that the terms of a credit facility are market-based.
Conditions
- Loan agreements with Venzo Holding A/S and NEBBEGÅRD INVEST A/S, current shareholders of the Company, of
SEK5 million are at the Company's disposal as of01.12.2022 . -
A credit up to approx. MSEK 3.7 runs until
September 1, 2023 , with an annual interest rate of 5%. Furthermore ca. MSEK1.3 are available to the Company with a maturity date of30 September 2024 and an annual interest rate of 15%. No other costs or securityare associated with the facilities. - In the event that RightBridge carries out an issue of shares during the term of the loan, it is possible for the lender to offset all or part of the loan on the same terms as for the other subscribers in such issue.
"We are reluctant to slow down the pace right now in our portfolio companies' transformation processes to profitable growth. With this financing arrangement, we create better flexibility and give us a better exit to evaluate possible acquisitions", says
This information is information that
For further questions, please contact:
Telefon: +46 705 112579
E-post: carlos.barrios@rightbridge.se
https://news.cision.com/rightbridge-ventures-group-ab/r/rightbridge-procures-credit-facility-for-increased-scale-up-and-transformation-in-portfolio-companie,c3674050
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