May 9, 2017 / 3:09 PM / 2 months ago

BRIEF-Elmos Semiconductor successfully places 40 mln eur promissory note loan

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May 9 (Reuters) - ELMOS SEMICONDUCTOR AG:

* PROMISSORY NOTE LOAN OF 40 MILLION EURO FOR REFINANCING PURPOSES SUCCESSFULLY PLACED

* ISSUED A PROMISSORY NOTE LOAN TOTALING 40 MILLION EURO. IT IS FOR GENERAL CORPORATE FINANCING PURPOSES

* PROMISSORY NOTE LOAN WILL ALSO BE USED TO REPAY LOANS OF 35 MILLION EURO MATURING IN 2017 AND 2018

* PROMISSORY NOTE IS DIVIDED INTO THREE TRANCHES WITH FIVE-, SEVEN- AND TEN-YEAR TERMS, EACH WITH A FIXED INTEREST RATE

Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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