Coreo AG secures largest financing in the history of the company
DGAP-Ad-hoc: Coreo AG / Key word(s): Financing Coreo AG secures largest financing in the history of the company - Loan of EUR 23 million - 6.75% coupon p.a. / 5 years maturity - Additional increase of equity by at least 5 million euros
Christian Angermayer and the alex schütz familienstiftung in their capacity as anchor shareholders will also secure the planned growth. This will be achieved, contrary to the original plan, by directly strengthening Coreo AG's equity by at least EUR 5 million via a capital increase. As a result of the measures, Coreo's equity ratio (36.6% as of June 30, 2020) will rise again with the implementation of the measure. Marin Marinov, CEO of Coreo AG, has an optimistic view of the future: "With the successful conclusion of the negotiations, we have two reasons to be pleased and confident. On the one hand, with the funds from the loan and from our two anchor shareholders, we can now directly continue our successful development. On the other hand, our financing partner expressly wishes to enhance the existing commitment and to further grow with Coreo AG". End of ADHOC About Coreo AG Contact: Coreo AG Andrea Glaab Investor Relations Grüneburgweg 18 D-60322 Frankfurt a. M. ir@coreo.de T: +49 (0) 69-21 93 96-0
07-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Coreo AG |
Grüneburgweg 18 | |
60322 Frankfurt am Main | |
Germany | |
Phone: | +49 69 2193 96-0 |
Fax: | +49 69 2193 96-150 |
E-mail: | ir@coreo.de |
Internet: | www.coreo.de |
ISIN: | DE000A0B9VV6 |
WKN: | A0B9VV |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1153296 |
End of Announcement | DGAP News Service |
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1153296 07-Dec-2020 CET/CEST