PRFoods to issue €3.5 million 7% convertible notes due 2025

By Abigail W. Adams

Portland, Me., May 7 – PRFoods plans to issue €3.5 million in convertible notes to enhance its capital structure, according to a company announcement.

The bonds will be marketed to Estonian and foreign institutional investors.

The bonds may be issued in multiple tranches with the first tranche planned for the second quarter of 2021.

The tranche will carry a coupon of 7% and mature on Sept. 1, 2025.

PRFoods is an Estonian-based food fish farming and selling company.

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