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Ice Group issues NOK 650 mln convertible bonds to major shareholders, plans later offer to smaller investors

Monday 31 August 2020 | 09:53 CET | News
Ice Group has announced plans for a convertible bond loan with gross proceeds of NOK 650 million to NOK 1.20 billion. Its three major shareholders have subscribed to the offer, and the operator will later make an offer to smaller shareholders, although this will not be open to retail investors. CEO Eivind Helgaker said the issue should provide Ice with sufficient liquidity to reach cash flow break-even and reach its operational and financial targets.

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Categories: Mobile & Wireless
Companies: Ice Group
Countries: Norway
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