Announcement of the NAV of Proventus Capital Partners III
The information provided herein is such that Proventus Capital Partners III AB (publ) is obligated to disclose pursuant to the Securities Markets Act (SFS 2007:528) and/or the The Financial Instruments Trading Act (SFS 1991:980). The information was submitted for publication at 2.15 p.m. on 6 October 2017.
Today the Net Asset Value of the Proventus Capital Partners III participation loans is being announced. At the close of business on 13 March, the Net Asset Value of the series A participation loan debentures amounted to SEK 653,837 each, and the Net Asset Value of the series B participation loan debenture amounted to SEK 16,501,937 each.
The Net Asset Value of Proventus Capital Partners III participation loan is to be calculated at the close of each quarter and in conjunction with a capital increase or decrease.
The Net Asset Value has been set as a result of Proventus Capital Partners III increasing its contributed capital by SEK 606 million through the issuance of 414 series A participation loan debentures at a price of SEK 1,000,000 each and 5 series B participation loan debentures at a price of SEK 25,000,000 each and by an equity contribution of SEK 67 million.
Daniel Sachs, CEO Proventus, phone: + 46 8 723 31 00
Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also conducts investments in publically traded corporate credits. The funds of Proventus Capital Partners have combined assets of EUR 2.5 billion and are managed by Proventus Capital Management AB, which is owned by management. Proventus AB, founded and owned by Robert Weil, is one of the largest investors in the funds of Proventus Capital Partners. The Proventus Capital Partners III series A1 participation loan debentures and series B participation loan debentures are issued by Proventus Capital Partners III AB (publ) and listed on the Debt Securities segment of Nordic Growth Market NGM in Stockholm. The number of debentureholders amounts to approximately 50.