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BRIEF-Spineguard establishes two-year 2.4 million euros convertible bonds facility with Nice & Green
October 2, 2017 / 4:54 PM / 19 days ago

BRIEF-Spineguard establishes two-year 2.4 million euros convertible bonds facility with Nice & Green

Oct 2 (Reuters) - SPINEGUARD SA:

* SPINEGUARD ESTABLISHES TWO-YEAR €2.4M CONVERTIBLE BONDS FACILITY WITH NICE & GREEN

* THIS EQUITY FINANCING PROVIDES FUNDING TO RIGHT SIZE SPINEGUARD‘S OPERATIONS AS IT AIMS TO REACH OPERATING BREAK-EVEN BY END OF 2018.

* FACILITY PROVIDES SECURED AND SCHEDULED MONTHLY DRAWS OF € 100,000 EACH DURING A PERIOD OF 24 MONTHS

* EMISSION OF 120 OCAPI BONDS (CONVERTIBLE BONDS) OVER 24 MONTHS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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