(CercleFinance.com) – Xilam Animation announces the success of its capital increase in cash with maintenance of the preferential subscription rights of an amount of just over 3.68 million euros, through the issue of 982,299 new shares at the price unit of 3.75 euros.
The funds raised are intended to enable Xilam to optimize its financial structure by rebalancing its balance sheet and, thus, to improve its debt ratio in a context of rising debt costs and more demanding granting conditions.
At the end of the placement period, the subscription request amounted to 1,067,608 shares, or 108.7% of the initial amount. The share capital of the cartoon company is now divided into 5,893,799 shares.