By Devika Patel
Knoxville, Tenn., June 11 - Roomlinx, Inc. settled a $5 million revolving credit loan agreement with Cenfin LLC on June 5, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The loan was represented by a 9% note, which is due in five years.
Cenfin also received 50% warrant coverage. The warrants are exercisable at $0.02 for three years.
Denver-based Roomlinx provides wireless and wired internet services to the hospitality industry.
| Issuer: | Roomlinx, Inc.
|
| Issue: | Revolving credit loan notes
|
| Amount: | $5 million
|
| Maturity: | Five years
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Warrants: | 50% coverage
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.02
|
| Investor: | Cenfin LLC
|
| Settlement date: | June 5
|
| Stock symbol: | OTCBB: RMLX
|
| Stock price: | $0.04 at close June 5
|
| Market capitalization: | $7.75 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
