Update on funding
Global Scanning enters into a SEK 235,000,000 facility agreement with Scandinavian Credit Fund
On 28 August 2019, it was announced that Global Scanning A/S ("Global Scanning" or the "Group") has received credit committee approval from a third-party lender for a bilateral loan, to be used to refinance the Group’s outstanding SEK 200,000,000 bonds and for general corporate purposes. Global Scanning now announces that a SEK 235,000,000 facility agreement has been entered into.
On 24 September 2019, Global Scanning entered into a facility agreement with Scandinavian Credit Fund relating to a SEK 235,000,000 term loan with final maturity in 2023. The loan will be used to make an early redemption in full of Global Scanning’s outstanding bonds 2015/2019 with ISIN SE0007783949 (the "Bonds") and towards general corporate purposes of the Group.
It is contemplated that the loan amount shall be advanced to Global Scanning by the lender in the end of October 2019. In connection therewith, Global Scanning will redeem the Bonds in full. Further information on the early redemption of Bonds will follow in a separate press release.
This press release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Group.
Global Scanning A/S Graham Tinn, CEO Svanevang 2, 3450 Allerød Tel: 0045 48141122, Mail: firstname.lastname@example.org Tel: 0045 48141122
About this information
This information is information that Global Scanning A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10 a.m. CEST on 25 September 2019.
The Group develops, manufactures and markets large-format scanning solutions for the computer-aided design (CAD), geographic information systems (GIS), reprographic products, copy services and document archiving segments under the brand names of Contex and Colortrac respectively. The scanners digitally capture documents, drawings and other 2D input in order to view, edit, archive, convert or print output data.
The group's products are sold across the world through a value-add distribution network and via OEM agreements with major multinational enterprises within the Large Format Printing industry.
The group operates a 3D online sharing platform and plan to combine potential 3D hardware with this platform to create new innovative products in this space.