RNS24 Jul 2018 21:19
Under the provisions of article 17 of Regulation (EU) No 596/2014 on market abuse and in article 228 of the revised text of the Securities Market Law, approved by Royal Legislative Decree 4/2015, of 23 October, and concordant provisions, as well as Circular 15/2016 of the Alternative Stock Market (MAB), we inform you of the following Significant Event related to the company EBIOSS Energy, SE.
SIGNING THE AGREEMENT BETWEEN EBIOSS, THE MAIN BONISTS OF THE COMPANY AND BLACK TORO CAPITAL TO ACCELERATE ITS INTERNATIONAL EXPANSION PLAN
On February 28, 2018, Ebioss Energy published two relevant events announcing the signing of a letter of intent with Black Toro Capital ("BTC") whereby the latter expressed interest in analyzing a potential investment in the company to accelerate and consolidate its international expansion plan, supported by the technologies it has developed in recent years and the incipient potential of the sector in which it operates.
The support of BTC to boost our expansion and provide us with the necessary resources for it, represents a qualitative leap for the Company in its international competitiveness, an endorsement of the strategy deployed to date and a first level reinforcement to accelerate our expansion and materialize it. in the shortest time possible in the form of creating value for our customers, employees, suppliers, collaborators, shareholders and investors.
Today, and after the relevant events that have been reporting on the positive evolution of the talks between the two companies, an agreement has been signed - between the company, the main bondholders and BTC (the "Agreement") - to facilitate financing and to provide the company with the necessary means to fulfill its commercial projects and commitments, thus supporting its geographical growth in the markets in which it operates. It is important to emphasize that the main bondholders, who represent a majority of the company's debt, have signed their adhesion to the Agreement, offering to assess the flexibility of their collection conditions; thus contributing in an important way to the consolidation of the group and the visibility of its expansion plan.
In this process, BTC has provided the necessary financing to enhance existing projects and commercial agreements in the course of its international expansion, through an additional loan of 4,000,000 euros at 15% PIK and three-year maturity. , to formalize and disburse before 23: 59h of July 31, 2018 ("Resolutory Condition" of the Agreement if it is not so). Likewise, 1,000,000 euros of the loan disclosed in the relevant event of February 28, has been renewed under these same conditions. As a guarantee of these loans, the company responds with the shares of its subsidiaries.
Additionally, an independent expert of recognized international prestige has been commissioned to carry out a feasibility study and determine the capital and sustainable debt needs of the company. Based on this