28 August 2019
Update on funding discussions
Funding discussions progressing
Following discussions and due diligence, Global Scanning A/S (“Global Scanning” or the “Group”) is pleased to announce that it has received credit committee approval from a third-party lender for a bilateral loan. The proceeds from the loan will be used to refinance the Group’s outstanding SEK 200 million bond as well as for general corporate purposes.
The closing of the transaction is subject to finalisation of loan documentation. More information on the timing of the repayment of the outstanding bond will follow. Pareto Securities and Gernandt & Danielsson Advokatbyrå are acting as financial and legal advisor, respectively, in the funding process.
Global Scanning A/S,
Svanevang 2, 3450 Allerød
Tel: 0045 48141122
Graham Tinn, CEO
Tel: 0045 48141122,
About this information
This information is information that Global Scanning A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12 noon CEST on 10 June 2019.
The Group develops, manufactures and markets large-format scanning solutions for the computer-aided design (CAD), geographic information systems (GIS), reprographic products, copy services and document archiving segments under the brand names of Contex and Colortrac respectively. The scanners digitally capture documents, drawings and other 2D input in order to view, edit, archive, convert or print output data.
The group's products are sold across the world through a value-add distribution network and via OEM agreements with major multinational enterprises within the Large Format Printing industry.
The group operates a 3D online sharing platform and plan to combine potential 3D hardware with this platform to create new innovative products in this space.