Loading
Electronic Components News Today
  • Product News
    • Analog/ Mixed Signal IC’s
    • Antennas
    • Capacitors
    • Inductors
    • Passive Components
    • Power Products
    • RF Products
    • Semiconductors
    • Sensors & Transducers
  • Engineering
  • Manufacturing
  • Trade Shows
  • Contact
  • Advertise with Us
  • Search
  • Menu
2019 ECN Today

RoodMicrotec N.V. announces refinancing of the bond loan from 2014

December 31, 2020/in Electronic Components, Semiconductors /by admin
This post was originally published on this site

(Note: only available in English)Deventer, 31st December 2020 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today announces the complete refinancing of the bond loan issued in 2014. A group of long time investors (‘the Lenders’) will provide the refinancing in the amount of EUR 2.6 million to the Company. RoodMicrotec’s management (‘the Management’) will participate in the refinancing to show their confidence in the Company’s business plans and future projects, Martin Sallenhag with EUR 60,000 and Arvid Ladega with EUR 15,000.The refinancing comprises the following key elements:A loan of EUR 2.6 million with a duration of 36 months will be granted to RoodMicrotec N.V. (‘the Borrower’). The loan will have a 4.75% p/a interest that shall be paid quarterly.The loan is unsecured, provided that in the event of a default the Lenders (other than the Management) may require the Borrower to grant a first ranking right of mortgage on property of the Borrower’s subsidiary RoodMicrotec GmbH in Nördlingen; and a first ranking right of pledge on other fixed assets of the Borrower’s subsidiary RoodMicrotec GmbH, located in Nördlingen and Stuttgart.The closing date for this refinancing will be the 31st March 2021, when the current bond loan from 2014 in the amount of EUR 2.5 million listed at NPEX will be repaid in full to the bond-holders.The Borrower will grant a total number of 7,485,000 non-listed 5-year warrants (‘the Warrants’) to the Lenders (except the Management). Each Warrant shall entitle the relevant Lender or subsequent holder of the Warrants to subscribe for one ordinary share in the capital of the Company at a subscription price of EUR 0.15, to be paid in cash upon exercise. Of the Warrants issued, 1/3 shall be issued on a non-conditional basis with a vesting period of 1 year, 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the first anniversary of completion and 1/3 shall be issued conditional upon the amount of the secured loan that shall be outstanding on the second anniversary of completion. As no warrants shall be granted to the Management, it shall be entitled to 6.75% p/a interest on the loan.“As promised in the extraordinary bondholders meeting held on the 6th May 2020 we have now realized a solution for the refinancing of the bond loan issued in 2014. It is with great pleasure that we now can announce this solution which will give the management of the Company a sound debt financing base for the next three years. By granting warrants to the Lenders, we have been able to reduce the interest rate significantly which will improve the yearly results of the Company.” says Vic Tee, Chairman of the Supervisory Board of RoodMicrotec N.V. “I would also like to express my gratitude to the international investors as well as the current bondholders that have supported the Company by participating in the bond loan.” Financial calendar 2021About RoodMicrotecRoodMicrotec is a leading independent company for semiconductor supply and quality services. With 50 years of experience in the semiconductor and electronics industry, RoodMicrotec is well-established as a highly valued partner for many companies worldwide. The company provides full-turnkey ASIC services for complex microchips that are customized to handle specific applications for individual customers. In cooperation with strong partners, RoodMicrotec manages the entire development and production flow of ASICs in the target volume, ranging from low quantities up to multiple millions per year. The turnkey solution includes project management, wafer test, assembly, final test, qualification, failure analysis and logistics. All services comply with the industrial and quality requirements of the high reliability, aerospace, automotive, healthcare and industrial sectors. RoodMicrotec’s headquarter is located in Deventer, Netherlands, with operational units in Nördlingen and Stuttgart, Germany.For more information visit https://www.roodmicrotec.comFurther informationMartin Sallenhag – CEO, Arvid Ladega – CFO
Telephone: +31 570 745623           Email: [email protected]       Web: www.roodmicrotec.com
This press release is published in English only.Anhang2020 12 31_Refinancing Bond Loan_E

Article from: http://www.globenewswire.com/news-release/2020/12/31/2151942/0/de/RoodMicrotec-N-V-announces-refinancing-of-the-bond-loan-from-2014.html

Tags: Amsterdam:ROOD, Electronic Components, NL0000440477, Semiconductors
Share this Article
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Share by Mail
https://ecntoday.com/wp-content/uploads/2019/11/logo-fb.png 960 960 admin https://ecntoday.com/wp-content/uploads/2019/11/logo-300x138.png admin2020-12-31 05:47:002020-12-31 07:26:16RoodMicrotec N.V. announces refinancing of the bond loan from 2014
You might also like
2019 ECN Today Coronavirus Cases Wane in China: 5 China Stocks to Snap Up
2019 ECN Today High-Efficiency Buck-Boost Converter Boosts Battery Runtime
2019 ECN Today COVID-19: APM Hexseal's Sealing Solutions for Mission-Critical Applications
2019 ECN Today Future Electronics Features Bosch BMP390L Longevity Barometric Pressure Sensor
2019 ECN Today Crime Report: Grand theft of tools out of truck's bed reported in Montrose
2019 ECN Today The New World of ADAS

LATEST

  • Build Your Own F450 Drone Using KK 2.2January 23, 2021 - 12:53 pm
  • JOB: Engineer II, SW – Embedded C++ At HARMANJanuary 23, 2021 - 10:22 am
  • JOB: DevOps Engineer At SiemensJanuary 23, 2021 - 9:55 am
  • JOB: R&D Test Engineer at HItachi ABBJanuary 23, 2021 - 9:39 am
  • 2019 ECN TodayUnion Budget 2021-22: ELCINA demands to impose custom duty on Non ITA PCBAsJanuary 23, 2021 - 9:18 am

Categories

  • Analog/ Mixed Signal IC's
  • Antennas
  • Capacitors
  • Central Technologies
  • Distribution
  • Duratech
  • Electronic Components
  • Engineering
  • EOL
  • Inductors
  • Manufacturing
  • Passive Components
  • Power Products
  • RF Products
  • Semiconductors
  • Sensors & Transducers
  • tariff
  • Trade

Archives

Tradeshows

  • ECTC 2021

    June 1 - June 4 at San Diego, California
  • NEPCON Nagoya

    September 15 - September 17 at Nagoya
View All Events

ECN TODAY NEWSLETTER

Receive news for the Electronic Components Industry in your mailbox: Everything from products, engineering, manufacturing and trade show dates around the world

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.
2019 © Copyright - ECN Today
  • Twitter
  • Facebook

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refuseing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Google Analytics Cookies

These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.

If you do not want that we track your visist to our site you can disable tracking in your browser here:

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Privacy Policy
Accept settingsHide notification only
Scroll to top