Convertible bond loan of NOK 650m, max proceeds NOK 1.2bn if tap issue
5 year CB at 8% p.a if paid in cash, 10% p.a. if PIK
This gives sufficient liquidity in the near-term
Positive event for the investment case as liquidity was an overhang
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Securing sufficient near-term liquidity
- Published:
31 Aug 2020 -
Author:
Henriette Trondsen -
Pages:
5
Convertible bond loan of NOK 650m, max proceeds NOK 1.2bn if tap issue
5 year CB at 8% p.a if paid in cash, 10% p.a. if PIK
This gives sufficient liquidity in the near-term
Positive event for the investment case as liquidity was an overhang