Brief: Audiovalley Reimburses Main Installment Due To Vivendi

Winamp SA

19/12/2019 06:44

Dec 19 (Reuters) - AUDIOVALLEY SA  ALAVY.PA :
    * AUDIOVALLEY REIMBURSES THE MAIN INSTALLMENT DUE TO VIVENDI
TO
BENEFIT FROM THE MAXIMUM DISCOUNT OF 35%
    * ANNOUNCES TODAY THE SETTLEMENT OF THE MAIN DEADLINE DUE TO
VIVENDI IN THE AMOUNT OF € 13 MILLION FOR THE EARLY REPAYMENT OF
ITS DEBT
    * IN ADDITION, AUDIOVALLEY ANNOUNCES THAT IT HAS
SUCCESSFULLY
COMPLETED A BOND ISSUE (NON-DILUTIVE) OF A AMOUNT OF EUR 5
MILLION
    * PROCEEDS OF THE ISSUE WILL WILL BE USED TO DEVELOP
ACTIVITIES
AND MAINTAIN TECHNOLOGICAL LEADERSHIP IN AUDIO DIGITAL MARKET
    * DEBT REPAYMENT IS FINANCED PARTLY BY RESOURCES FROM
CONVERTIBLE
BOND ISSUE CARRIED OUT IN JULY 2019 € 8 MILLION
    * DEBT REPAYMENT ALSO FINANCED PARTLY BY SALE IN DEC 2019 OF
STOREVER ACTIVITY IN WHICH GROUP HELD 80.97% OF THE CAPITAL

Source text: https://bit.ly/2S7xgs0
Further company coverage:  ALAVY.PA 

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