Νέα μέρα, νέα είδηση σχετική με την Saab. Ευτυχώς αυτή είναι ευχάριστη για την Σουηδική εταιρία, αφού η Saab ανακοίνωσε ότι πήρε δάνειο ύψος 25 εκατ. ευρώ από την Gemini Investment Fund.
Το δάνειο έχει ετήσιο επιτόκιο 10% και η τιμή μετατροπής για κάθε μετοχή της έκλεισε στα €1.38. Η Saab έχει το δικαίωμα να αποπληρώσει ότι στιγμή θέλει το δάνειο χωρίς ποινή, πράγμα που φαίνεται ότι θα γίνει μόλις ολοκληρωθούν οι συμφωνίες με τις κινέζικες Pang Da Automobile και Zhejiang Youngman Lotus Automobile Co., Ltd.
Με τα 25 εκατ. αυτά, η Saab σκοπεύει να αποπληρώσει τους προμηθευτές της ενώ αναμένει ακόμη 29.1 εκατ. ευρώ από την Ευρωπαϊκή Τράπεζα Επενδύσεων.
Συνολικά η Saab φαίνεται ότι έχει μαζέψει μέσα τις τελευταίες 7 ημέρες 67.1 εκατ. ευρώ (54.1 εκατ. ευρώ από τα δάνεια και 13 εκατ. ευρώ από την Κινέζικη παραγγελία) γεμίζοντας με ρευστό τα άδεια ταμεία της.
Καθόλου άσχημα αν αναλογιστούμε ότι η εταιρία είχε φτάσει ένα βήμα πριν τη καταστροφή. Η παραγωγή στο εργοστάσιο της θα ξεκινήσει σε δύο εβδομάδες από σήμερα.
[Πηγή: Saab]
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Swedish Automobile Enters Into EUR 25 Million Convertible Bridge Loan With Gemini Securing Additional Short-Term Funding And Pays Employee’s Wages
Trollhättan, Sweden: Swedish Automobile N.V. (SWAN) announces that it entered into a EUR 25 million convertible bridge loan agreement with Gemini Investment Fund Limited (Gemini), thereby securing additional short-term funding.
SWAN entered into a EUR 25 million convertible bridge loan agreement with Gemini with a 6 months maturity. The interest rate of the loan is 10% per annum and the conversion price is EUR 1.38 per share (the volume weighted average price over the past 10 trading days). SWAN may at any time during the loan’s term redeem it without penalty and it intends to do so once the funding from Pang Da and Youngman is received, in which case no dilution as a result of this bridge loan will occur.
Upon receipt of Gemini’s EUR 25 million and upon reaching agreements with its suppliers on payment terms, Saab Automobile hopes to complete its scheduled loan drawdown of EUR 29.1 million from the European Investment Bank (EIB).
As a result of this convertible bridge loan (EUR 25 million), the sale of the real estate (EUR 28 million) and the sale of cars to a Chinese buyer (EUR 13 million), Saab Automobile (conditionally) secured EUR 66 million in additional funding this week. Assuming the receipt of these funds takes place as scheduled, Saab Automobile expects to have secured the liquidity required to restart production hopefully within 2 weeks, subject to reaching agreement with its suppliers which includes feasible delivery schedules.
Victor Muller, CEO of Swedish Automobile and chairman of Saab Automobile said: “I am relieved to report that we made the June salary payments this afternoon from the proceeds of the sale of cars we announced last Monday. We again extend our sincerest apologies to our employees for the hardship the late payment has caused to them. We have clearly gone through a very rough patch in the past few weeks and hopefully we can now reach agreement with our suppliers so as to ensure a resumption of our production in a controlled way. Our mid and long-term funding is secured by the Pang Da /Youngman agreements which are still subject to obtaining certain governmental approvals. Assuming these approvals are obtained, the Gemini bridge loan will be repaid in full.”
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