On November 26th, the previously announced recapitalization transaction was formally approved by both equity and noteholders. As a part of this transaction, 2x private placements were executed, raising gross proceeds of $46.5 mm through both equity subscription receipts (ESRs) and note subscription receipts (NSRs). In conjunction with the above, the maturity of its Senior Secured Notes has now been extended from July 15, 2021 to April 15, 2023. Further to the transactions, Delphi took the opp
03 Dec 2019
Estimates updated with recapitalization approved, formalized 15-1 share consolidation
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Estimates updated with recapitalization approved, formalized 15-1 share consolidation
Delphi Energy (DEE:TSE) | 0 0 -1.1% | Mkt Cap: 167.0m
- Published:
03 Dec 2019 -
Author:
Cody R. Kwong -
Pages:
5
On November 26th, the previously announced recapitalization transaction was formally approved by both equity and noteholders. As a part of this transaction, 2x private placements were executed, raising gross proceeds of $46.5 mm through both equity subscription receipts (ESRs) and note subscription receipts (NSRs). In conjunction with the above, the maturity of its Senior Secured Notes has now been extended from July 15, 2021 to April 15, 2023. Further to the transactions, Delphi took the opp