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Gerry Weber International AG: GERRY WEBER International AG strengthens liquidity
02/18/2021
Gerry Weber International AG: GERRY WEBER International AG strengthens liquidity
Gerry Weber International AG / Key word(s): Financing Ad-hoc announcement pursuant to section 17 MAR GERRY WEBER International AG: GERRY WEBER International AG strengthens liquidity (Halle/Westphalia, 18 February 2021) - GERRY WEBER International AG receives additional liquidity of at least approximately EUR 5 million. Today, the company has entered into a new, secured credit facility for this purpose. Bondholders of the company with a minimum volume of bonds in the amount EUR 100,000 (based on the nominal amount or redemption amount) who are authorized to grant loans to the company will be given the opportunity to exchange their bonds plus an additional cash payment of at least EUR 100,000 (corresponding to EUR 1 in cash for each EUR 1 nominal amount or redemption amount of the bonds participating in the exchange) into an investment in the credit facility in the amount of at least EUR 200,000. The total volume of the credit facility is up to EUR 12 million, which can provide the company with up to EUR 6 million in additional liquidity. In this context, the company's three largest shareholders have agreed to assume a backstop commitment through their respective affiliated companies Robus SCSp, SICAV-FIAR-ROBUS RECOVERY FUND II, Morrigan Lending Designated Activity Company and J.P. Morgan AG in favor of GERRY WEBER International AG in order to guarantee the payout of at least approximately EUR 5 million in additional liquidity to the company. The Management Board Reporting Person:
18-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Gerry Weber International AG |
Neulehenstraße 8 | |
33790 Halle/Westfalen | |
Germany | |
Phone: | +49 (0)5201 185-0 |
Fax: | +49 (0)5201 5857 |
E-mail: | ir@gerryweber.com |
Internet: | http://group.gerryweber.com |
ISIN: | DE000A255G36 |
WKN: | A255G3 |
Listed: | Regulated Market in Dusseldorf, Frankfurt (General Standard) |
EQS News ID: | 1169414 |
End of Announcement | DGAP News Service |