BRÈVE

sur MADVERTISE (EPA:ALMNG)

Sirius Media launches a convertible bond issue to finance its projects

On April 26, 2024, Sirius Media, known for its audiovisual productions, announced a new issue of bonds convertible into shares for an amount of 2 million euros. This financial transaction was carried out with Atlas Special Opportunities.

These bonds, which cannot be converted into shares during an initial period of 90 days, aim to support the development of Sirius Media's subsidiaries and the launch of the animated film "Zak and Wowo, the Legend of Lendarys". Sirius Media President Paul Amsellem stressed that these funds will also improve the capital structure, facilitating negotiations for other bank financing.

It is important to note that, under the terms of the agreement, the shares resulting from the conversion of the bonds will likely be sold after the lock-up period, which could negatively influence the stock price.

R. E.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de MADVERTISE