TerraNet enters into a facility agreement with a maximum loan amount of up to MSEK 50, and has resolved to issue convertibles for MSEK 2
TerraNet Holding AB (publ) ("TerraNet" or the "Company") has today entered into a facility agreement with YA II PN, LTD, represented by its Investment Manager Yorkville Advisors Global, LP, in turn represented by its General Partner ("YorkVille"), according to which YorkVille agrees to, during a period of 36 months, in different tranches, subscribe for TerraNet's convertibles up to an amount of a maximum of MSEK 50. TerraNet has today requested the first tranche, where 20 convertibles, each with a nominal amount of SEK 100,000, in total MSEK 2, are issued to YorkVille at a subscription