(CercleFinance.com) – Safe announced yesterday evening the setting up of a bond loan for a potential maximum nominal amount of 29.9 ME over 59 months, by issuing warrants giving access to convertible bonds or exchangeable into new and/or existing shares (the ‘OCEANEs’).
This bond loan is made up of 4 tranches of 600,000 euros in nominal value each and 55 tranches of 500,000 euros in nominal value each consisting of a total of 29,900 OCEANE bonds with a unit nominal value of 1,000 euros.
Global Corporate Finance Opportunities 20 has undertaken to subscribe to a first tranche of 600 OCEANE bonds upon signature of the OCEANE bond issue contract.
Safe recalls that the purpose of setting up this line of financing by issuing OCEANE bonds is to enable the group to finance its working capital requirement and its growth plan.
This provides for structural changes to be made in order to achieve financial equilibrium as quickly as possible. The group also intends to develop a direct sales strategy in France, Germany and the United States, and distribution in the rest of the world.
Finally, Safe indicates that it remains attentive to any opportunity for external growth allowing it to deploy its technological and commercial model internationally and wishes to be able to finance this type of opportunity with its own funds.
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