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Arrival (ARVL) Announces a $50M Equity Capital Commitment and Exchanges $121.9M of Debt for Equity

Arrival (ARVL) Announces a $50M Equity Capital Commitment and Exchanges $121.9M of Debt for Equity
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John Wozniak , Antara Capital Master Fund Lp , Antara Capital Master Fund , Initial Cash Shares , Subsequent Cash Shares , Initial Cash Shares , Face Value , Exchange Shares , Lock Up Shares ,

Arrival Announces a $50M Equity Capital Commitment and Exchanges $121.9M of Debt for Equity

21.02.2023 - Raises $50 million of new equity capital through the sale of equity to Antara Capital Master Fund LP (“Antara”)Reduces principal amount of debt due in 2026 by $121.9 million, or 38%Antara has committed to hold 100 million shares for one year . Seite 1 ....

John Wozniak , Antara Capital Master Fund Lp , Antara Capital Master Fund , Initial Cash Shares , Subsequent Cash Shares , Initial Cash Shares , Face Value , Exchange Shares , Lock Up Shares ,