Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for niiio finance group AG > News item |
niiio repays part of 2026 convertibles due to change-of-control
By William Gullotti
Buffalo, N.Y., Feb. 15 – niiio finance group AG will repay €3.25 million of its outstanding €3.6 million 4% convertible bonds (ISIN: DE000A3E5S26) ahead of maturity due to a change-of-control, according to a press release on Thursday.
The redemption, triggered in January by a change-of-control in favor of Neptune TopCo GmbH, is expected to occur Feb. 19.
Accrued and unpaid interest will also be paid.
The redemption will be partially financed by a cash capital increase carried out in December and by a loan from Neptune BidCo AG, an indirect subsidiary of Neptune TopCo, totaling about €900,000.
€5 million of the convertibles were issued in 2021 at a nominal value of €1 per convertible, and the remainder is still expected to mature May 31, 2026.
Germany’s niiio is a provider of software as a service, cloud-based solutions for asset and wealth managers.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.