RoodMicrotec gibt den Abschluss der Refinanzierung der besicherten Anleihe
Deventer, March 25, 2021 – RoodMicrotec N.V., a leading independent company
for semiconductors supply and quality services, today announces the completion
of the refinancing of the secured bond loan issued in 2014. A small group of
long time investors has provided the funds for the new loan to the Company and
the Company has transferred the funds to NPEX, who will administer the
repayment of the outstanding bonds in the amount of EUR 2.5 million to the
bond-holders. RoodMicrotec’s management participates in the refinancing to show
their confidence in the Company’s business plans and future projects.
The redemption date of the bonds is Wednesday March 31, 2021. The last trading
day of the RoodMicrotec bonds on the NPEX will be Tuesday March 30, 2021.
The refinancing comprises the following key elements of the new loan: A loan
of EUR 2.6 million with a duration of 36 months has been granted to
RoodMicrotec N.V. The loan has 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 RoodMicrotec N.V. to grant a
first ranking right of mortgage on property of RoodMicrotec GmbH in Nördlingen;
and a first ranking right of pledge on other fixed assets of RoodMicrotec GmbH,
located in Nördlingen and Stuttgart. RoodMicrotec N.V. will grant a total
number of 7,485,000 non-listed 5-year 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, they shall be entitled to
6.75% p/a interest on the loan.
“The completion of the new financing enables us as Board of Management to
focus on the future business growth of RoodMicrotec. It also provides a solid
base for the next three years in which we plan to continue to develop our
services to meet the increasing demands from our customers, especially given
the current challenging climate in the semiconductor industry.” says Martin
Sallenhag, CEO of RoodMicrotec N.V. “I would like to express our sincere
gratitude to the long time investors that have shown a great deal of confidence
in the future direction of RoodMicrotec, as well as to the current bond-holders
that have supported us since 2014 by participating in the secured bond loan.”
This press release contains a number of forward-looking statements. These
statements are based on current expectations, estimates and prognoses of the
Board of Management and on the information currently available to the Company.
The statements are subject to certain risks and uncertainties which are hard to
evaluate, such as the general economic conditions, interest rates, exchange
rates and amendments to statutory laws and regulations. The Board of Management
of RoodMicrotec cannot guarantee that its expectations will materialize.
Furthermore, RoodMicrotec does not accept any obligation to update the
statements made in this press release.
RoodMicrotec is a leading independent company for semiconductor supply and
quality services. With more than 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
For more information visit https://www.roodmicrotec.com
Martin Sallenhag - CEO, Arvid Ladega - CFO
Telephone: +31 570 745623 Email: email@example.com
This press release is published in English and German. In case of conflict
between these versions the English version shall prevail.
Anhang 2021 03 25_Completion Refinancing_D