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General

Sequans raises USD 12 mln debt financing

Thursday 16 April 2015 | 09:21 CET | News
4G chipmaker Sequans Communications said it has raised USD 12 million through the sale of convertible notes to a single institutional investor in a private placement transaction. The company intends to use the proceeds for general corporate purposes. The convertible note will mature in April 2018 and bear interest at a rate of 7 percent per year. The note will be convertible at an initial conversion price of USD 1.85 per ADS.

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Categories: General
Companies: Sequans
Countries: World
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