Agilyx Successfully Places EUR 20 Million Subordinated Convertible Bonds
Agilyx ASA (OSE: AGLX, OTCQX: AGXXF) announced the successful completion of the placement of subordinated convertible bonds valued at EUR 20 million due on June 30, 2028.
Key Details of the Placement
- Initial issue amount: EUR 20 million
- Total framework amount: EUR 40 million, with EUR 20 million available to issue
- Maturity Date: June 30, 2028
- Settlement Date: Expected to be November 20, 2025
- Coupon Rate: Fixed coupon of 10, payable semi-annually, settled with additional bonds (PIK interest)
- Reference Share Price: EUR 1.6524
- Initial Conversion Price: EUR 1.9829
Shareholder Resolution
An extraordinary general meeting is scheduled for around November 18, 2025, to resolve the conversion of the bonds into shares, with certain major shareholders already committed to voting in favor.
Managers and About Agilyx
Arctic Securities AS and DNB Carnegie are acting as managers for the bond issuance. Agilyx ASA is a global investment platform specializing in supporting plastic waste recycling and advanced recycling technologies.
For inquiries, visit Agilyx website.
Category: Markets and News
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