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
Tel.: +49 (0)621 - 92100100
Fax: +49 (0)621 - 92100101
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
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|Language: ||English |
|Company: ||PAUL Tech AG |
| ||Theodor-Heuss-Anlage 12 |
| ||68165 Mannheim |
| ||Germany |
|E-mail: ||email@example.com |
|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