Beek schreef op 13 februari 2025 07:59:
About last night: we closed 3 great deals!
1) we were able to borrow 80.000.000 euros from 3 very respectable banks: HSBC, ABN AMRO Bank N.V. and ING at a margin of ca. 5% above Euribor.
2) we raised 20.000.000 euros new capital with existing and new investors to invest in future growth of CM.com. We did this through an accelerated bookbuild at 6,70 euro per share, implying a 4,9% discount at yesterdays closing price.
3) we agreed with the vast majority of our convertible bond holders that we redeem the outstanding bonds for 87.000.000 euros. Implying a 13.000.000 euro discount for CM.com!
The combination of these 3 great deals result in a stronger balance sheet, with more equity, more cash and less debt.
We were only able to do this in the back on great Q4 results, which we also published last night.
More info on:
lnkd.in/eQ5qqKzZ‘I love it when a plan comes together!’