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EBRD to extend 60 mln euros loan to Bulgarian Eurohold


By Reuters Staff
1 Min Read
SOFIA, June 9 (Reuters) - The European Bank for Reconstruction and Development (EBRD) said on Wednesday it would extend up to 60 million euros ($73.10 million) in a five-year senior loan to Eurohold for its acquisition of Czech CEZ’s Bulgarian assets.
Bulgarian financial and insurance group Eurohold will use the proceeds from the EBRD loan, along with a planned capital increase and other senior loans to complete its 335 million euro deal with CEZ by the end of June.
Eurohold has mandated JP Morgan to structure the debt financing for the overall acquisition, which it sees at about 490 million euros. The EBRD estimated the total costs at 525 million euros. ....

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Share sale takes puff out of AMC price after CEO popcorn pledge


5 Min Read
(Reuters) - AMC Entertainment shares were down by a third on Thursday after the company took advantage of a record stock price with its second share issue in three days while saying it did not know how long its stellar run would last and warning investors of the risks involved.
FILE PHOTO: A taxi passes an AMC theatre amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
AMC’s shares traded 33.4% lower on Thursday at $41.10 after the company said it agreed to sell up to 11.55 million of its shares from time to time in an at-the-market program. A wave of buying from retail investors had helped AMC’s share price nearly double to a record close of $62.55 in the prior session. ....

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