RoodMicrotec N.V. announces refinancing of the bond loan from 2014
31 Dicembre 2020 - 7:47AM
RoodMicrotec N.V. announces refinancing of the bond loan from 2014
(Note: only available in
English)
Deventer, 31st December 2020 –
RoodMicrotec N.V., a leading independent company for semiconductors
supply and quality services, today announces the complete
refinancing of the bond loan issued in 2014. A group of long time
investors (‘the Lenders’) will provide the refinancing in the
amount of EUR 2.6 million to the Company. RoodMicrotec’s management
(‘the Management’) will participate in the refinancing to show
their confidence in the Company’s business plans and future
projects, Martin Sallenhag with EUR 60,000 and Arvid Ladega with
EUR 15,000.
The refinancing comprises the following key
elements:
- A loan of EUR 2.6 million with a duration of 36 months will be
granted to RoodMicrotec N.V. (‘the Borrower’). The loan will have a
4.75% p/a interest that shall be paid quarterly.
- The loan is unsecured, provided that in the event of a default
the Lenders (other than the Management) may require the Borrower to
grant a first ranking right of mortgage on property of the
Borrower’s subsidiary RoodMicrotec GmbH in Nördlingen; and a first
ranking right of pledge on other fixed assets of the Borrower’s
subsidiary RoodMicrotec GmbH, located in Nördlingen and
Stuttgart.
- The closing date for this refinancing will be the 31st March
2021, when the current bond loan from 2014 in the amount of EUR 2.5
million listed at NPEX will be repaid in full to the
bond-holders.
- The Borrower will grant a total number of 7,485,000 non-listed
5-year warrants (‘the Warrants’) to the Lenders (except the
Management). Each Warrant shall entitle the relevant Lender or
subsequent holder of the Warrants to subscribe for one ordinary
share in the capital of the Company at a subscription price of EUR
0.15, to be paid in cash upon exercise. Of the Warrants issued, 1/3
shall be issued on a non-conditional basis with a vesting period of
1 year, 1/3 shall be issued conditional upon the amount of the
secured loan that shall be outstanding on the first anniversary of
completion and 1/3 shall be issued conditional upon the amount of
the secured loan that shall be outstanding on the second
anniversary of completion. As no warrants shall be granted to the
Management, it shall be entitled to 6.75% p/a interest on the
loan.
“As promised in the extraordinary bondholders
meeting held on the 6th May 2020 we have now realized a solution
for the refinancing of the bond loan issued in 2014. It is with
great pleasure that we now can announce this solution which will
give the management of the Company a sound debt financing base for
the next three years. By granting warrants to the Lenders, we have
been able to reduce the interest rate significantly which will
improve the yearly results of the Company.” says Vic Tee, Chairman
of the Supervisory Board of RoodMicrotec N.V. “I would also like to
express my gratitude to the international investors as well as the
current bondholders that have supported the Company by
participating in the bond loan.”
Financial calendar 2021
28th January 2021 |
Publication (preliminary) annual
revenue 2020 |
22nd April 2021 |
Publication annual report
2020 |
22nd April 2021 |
Conference call for financial
press and analysts |
22nd April 2021 |
Trading update quarter
1-2021 |
10th June 2021 |
Annual general meeting of
shareholders |
22nd July 2021 |
Publication interim report on the
first half-year 2021 |
22nd July 2021 |
Conference call for financial
press and analysts |
14th October 2021 |
Trading update quarter
3-2021 |
About RoodMicrotec
RoodMicrotec is a leading independent company
for semiconductor supply and quality services. With 50 years of
experience in the semiconductor and electronics industry,
RoodMicrotec is well-established as a highly valued partner for
many companies worldwide. The company provides full-turnkey ASIC
services for complex microchips that are customized to handle
specific applications for individual customers. In cooperation with
strong partners, RoodMicrotec manages the entire development and
production flow of ASICs in the target volume, ranging from low
quantities up to multiple millions per year. The turnkey solution
includes project management, wafer test, assembly, final test,
qualification, failure analysis and logistics. All services comply
with the industrial and quality requirements of the high
reliability, aerospace, automotive, healthcare and industrial
sectors. RoodMicrotec’s headquarter is located in Deventer,
Netherlands, with operational units in Nördlingen and Stuttgart,
Germany.
For more information visit
https://www.roodmicrotec.com
Further information
Martin Sallenhag - CEO, Arvid Ladega -
CFOTelephone: +31 570
745623
Email:
investor-relations@roodmicrotec.com
Web: www.roodmicrotec.com
This press release is published in English
only.
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