PAUL Tech AG, DE000A3H2TU8

PAUL Tech AG / DE000A3H2TU8

02.11.2023 - 18:46:54

PAUL Tech AG: PAUL Tech Group enters into Receivables Financing

EQS-Ad-hoc: PAUL Tech AG / Key word(s): Bond/Real Estate


02-Nov-2023 / 18:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an inside information acc. to Article 17 of the Regulation (EU) No 596/2014
NOT FOR DISTRIBUTION, PUBLICATION OR FORWARDING IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH PUBLICATION MIGHT BE UNLAWFUL.
Mannheim, 2 November 2023 – PAUL Tech AG as issuer of the 7% 20/25 bonds (ISIN: DE000A3H2TU8 / WKN: A3H2TU) informs about the fact that PAUL Tech Group has entered into a receivables financing via the issue of several registered notes with Solas Sustainable Energy Fund ICAV as investor ("SSEF") with a total volume of EUR 20,000,000. The financing will be paid out in four tranches where the conditions for the issue of the first two registered notes with a total volume of EUR 10,000,000 have been confirmed by SSEF today and the corresponding payment of the issue price will occur on Monday, 6 November 2023. The financing is secured by a portfolio of customer receivables and the related customer contracts of the PAUL Tech Group.
PAUL Tech Group will use the proceeds from the receivables financing to finance further growth and for general corporate purposes.
IR Contact:
PAUL Tech AG
Nicole Simon
Theodor-Heuss-Anlage 12
68165 Mannheim
Tel.: +49 (0)621 - 92100100
Fax: +49 (0)621 - 92100101
E-Mail: presse@paul.tech
Disclaimer:
This document and its contents do not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. No public offer of securities of PAUL Tech AG is being made or is intended. The distribution of this document may be subject to legal restrictions in certain jurisdictions. Persons into whose possession this document comes are requested to inform themselves about and to observe any such restrictions. Failure to comply with such restrictions may constitute a violation of the securities laws of the relevant jurisdiction.
 


End of Inside Information

02-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language: English
Company: PAUL Tech AG
Theodor-Heuss-Anlage 12
68165 Mannheim
Germany
E-mail: anfrage@paul.tech
Internet: www.paul.tech
ISIN: DE000A3H2TU8
WKN: A3H2TU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1764103

 
End of Announcement EQS News Service

1764103  02-Nov-2023 CET/CEST
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