RoodMicrotec announces completion of secured bond loan refinancing
25 Marzo 2021 - 7:50AM
RoodMicrotec announces completion of secured bond loan refinancing
Deventer, March 25, 2021 – RoodMicrotec N.V., a
leading independent company for semiconductors supply and quality
services, today announces the completion of the refinancing of the
secured bond loan issued in 2014. A small group of long time
investors has provided the funds for the new loan to the Company
and the Company has transferred the funds to NPEX, who will
administer the repayment of the outstanding bonds in the amount of
EUR 2.5 million to the bond-holders. RoodMicrotec’s management
participates in the refinancing to show their confidence in the
Company’s business plans and future projects.
The redemption date of the bonds is Wednesday
March 31, 2021. The last trading day of the RoodMicrotec bonds on
the NPEX will be Tuesday March 30, 2021.
The refinancing comprises the following key
elements of the new loan:
- A loan of EUR 2.6 million with a duration of 36 months has been
granted to RoodMicrotec N.V. The loan has 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 RoodMicrotec
N.V. to grant a first ranking right of mortgage on property of
RoodMicrotec GmbH in Nördlingen; and a first ranking right of
pledge on other fixed assets of RoodMicrotec GmbH, located in
Nördlingen and Stuttgart.
- RoodMicrotec N.V. will grant a total number of 7,485,000
non-listed 5-year 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, they shall be
entitled to 6.75% p/a interest on the loan.
“The completion of the new financing enables us
as Board of Management to focus on the future business growth of
RoodMicrotec. It also provides a solid base for the next three
years in which we plan to continue to develop our services to meet
the increasing demands from our customers, especially given the
current challenging climate in the semiconductor industry.” says
Martin Sallenhag, CEO of RoodMicrotec N.V. “I would like to express
our sincere gratitude to the long time investors that have shown a
great deal of confidence in the future direction of RoodMicrotec,
as well as to the current bond-holders that have supported us since
2014 by participating in the secured bond loan.”
Forward-looking statements
This press release contains a number of
forward-looking statements. These statements are based on current
expectations, estimates and prognoses of the Board of Management
and on the information currently available to the Company. The
statements are subject to certain risks and uncertainties which are
hard to evaluate, such as the general economic conditions, interest
rates, exchange rates and amendments to statutory laws and
regulations. The Board of Management of RoodMicrotec cannot
guarantee that its expectations will materialize. Furthermore,
RoodMicrotec does not accept any obligation to update the
statements made in this press release.
About RoodMicrotec
RoodMicrotec is a leading independent company
for semiconductor supply and quality services. With more than 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 and
German. In case of conflict between these versions the English
version shall prevail.
- 2021 03 25_Completion Refinancing_E
Grafico Azioni RoodMicrotec NV (EU:ROOD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni RoodMicrotec NV (EU:ROOD)
Storico
Da Apr 2023 a Apr 2024