Boulogne-Billancourt, August 26th 2020
Appointment of two banks to execute the Rights Issue
As announced on July 24th 2020, the financial structure strengthening plan of
Solocal Group was approved by a large majority at the Combined General Meeting.
As a reminder, this plan relies on a EUR347 million capital increase, thus
securing a EUR85 million cash injection and allowing an up to EUR262 million
debt reduction. In order to cover the short-term liquidity needs, it is
completed by an additional EUR32 million additional financing, with a EUR16
million "prêt ATOUT" granted by BPI France and the issuance of a EUR16 million
Bond subscribed by some of Solocal Group's bondholders (cf press release of
August the 17th 2020).
This capital increase includes a EUR329.5m to EUR336m rights issue. Solocal
Group announces that Deutsche Bank AG has been appointed as Sole Global
Coordinator and Joint Bookrunner in the context of this rights issue. Also,
Louis Capital Markets has been appointed as Joint Bookrunner and Lead Manager
on this rights issue.
Solocal - www.solocal.com
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