18-10-18 Valoe Has Agreed with Ilmarinen Mutual Pension Insurance Company on Converting the Convertible Bond 1/2015 into a New Convertible Bond 2/2018
(WorldNews Finland)

Valoe Corporation Stock Exchange Release 18 October 2018 at 09.58 (Finnish time) VALOE CORPORATION HAS AGREED WITH ILMARINEN MUTUAL PENSION INSURANCE COMPANY ON CONVERTING THE CONVERTIBLE BOND 1/2015 INTO A NEW CONVERTIBLE BOND 2/2018 The loan period of Valoe Corporation`s ("Valoe") Convertible Bond 1/2015, a capital loan, expired on 1 August 2018. On 13 August 2018 Valoe disclosed that considering the company`s equity situation, the Convertible Loan cannot be repaid in accordance with the provisions regarding capital loans in the Finnish Companies Act and that the company negotiates on rearranging the Convertible Bond 1/2015 with the lenders. Valoe has resolved to issue a...