MoU22 May 2024, 11:11 pm
BN Holdings Ltd Announces Execution of USD 40 Million FCCB Agreement with GRFI
AI Summary
BN Holdings Ltd has announced the execution of a loan agreement with GRFI on May 21, 2024, issuing 400 brief special rights to GRFI for USD 40 Million. The agreement includes the right to appoint a Non-Executive Director and certain other terms.
Key Highlights
- BN Holdings enters into a USD 40 Million loan agreement with GRFI
- GRFI to receive special rights, including the right to appoint a Non-Executive Director and rights to dividends
- The agreement is subject to the terms and conditions of the FCCBs