Boreo considers EUR 10 million capital securities issue

PUBT · 2d ago
Boreo considers EUR 10 million capital securities issue
  • Boreo plans to issue new capital securities in an expected aggregate principal amount of EUR 10 million.
  • Proceeds earmarked to fund a cash tender offer for its outstanding EUR 20 million 10.75% hybrid notes issued in March 2024.
  • Tender price set at 102% of nominal, with accrued and unpaid interest payable on accepted notes.
  • Offer runs until Sept. 23, with settlement expected Sept. 28, subject to completion of the new capital securities issue.
  • Separately, Boreo agreed in principle on a EUR 60 million financing arrangement with OP Corporate Bank.


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