Atlas Mara Limited: Placement of Us$17.4mn Convertible Bond
(firmenpresse) - TORTOLA, BRITISH VIRGIN ISLANDS -- (Marketwired) -- 04/22/16 -- Atlas Mara Limited (LSE: ATMA)
LSE: ATMA
22 April 2016
Atlas Mara Limited ("") has placed a further US$17,400,000 of its 8.00% senior secured convertible notes due 2020 convertible into the ordinary shares of Atlas Mara at a price of $11.00 per share (the ""). In connection with the placing, one of Atlas Mara''s subsidiaries subscribed for US$6,000,000 of Bonds to facilitate, by way of a parallel structure, investment by selected African investors; therefore, Atlas Mara will not receive proceeds from this portion until the related subscriptions are completed, which are expected shortly.
The Bonds will be issued at an issue price of 84.0% of their principal amount and will be consolidated and form a single series with the US$63,400,000 8.00% secured convertible bonds due 31 December 2020 issued by Atlas Mara in October 2015.
Atlas Mara will use the net proceeds of the issue of the Bonds to fund near-term acquisition opportunities and for general corporate purposes.
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Datum: 22.04.2016 - 01:25 Uhr
Sprache: Deutsch
News-ID 1429869
Anzahl Zeichen: 2772
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TORTOLA, BRITISH VIRGIN ISLANDS
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Commercial & Investment Banking
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