Our investee, Renergetica has approved the issue of a bond loan with a total value of up to €12 million.
By the first ten days of August 2020, the Bond will be signed by primary professional investors pursuant to the intermediaries regulation adopted by Consob with resolution no. 20307 of 15 February 2018, as subsequently amended and integrated, for a “senior” tranche worth € 8 million and, for a subordinate and postponed tranche in the repayment with respect to the “senior” tranche (repayment that will take place in a single payment upon expiry of the loan) of € 4 million, by the controlling shareholder of the Company, Exacto SpA, to replace the shareholder loan currently in place.
The entire operation aims to increase Renergetica’s financial availability for the development and implementation of the business, and at the same time confirms the trust and commitment of the controlling shareholder Exacto S.p.A. towards the Company.
Our partner IR TOP Consulting S.p.A. took part in the arrangement of the operation in the role of financial advisor and Grimaldi Studio Legale as legal advisor.
Below is the pdf with the press release.