HanseYachts has completed the capital increase announced around a month ago. “A total of 388,762 new shares were placed at a subscription price of EUR 3.80 per share,” announced the company. A placement volume of up to 941,102 new shares was offered. The company will receive almost 1.48 million euros before costs from the placement.
“In addition to a capital increase in kind by the two major shareholders, the cash capital increase is one of two capital measures and offered the remaining shareholders the opportunity to participate in the capital increase while maintaining their previous shareholding,” said HanseYachts.
The second capital increase takes place as a capital increase in kind with Aurelius. As part of this capital increase, Aurelius Equity Opportunities SE & Co. KGaA and HY Beteiligungs GmbH are bringing in receivables and loans totaling 12 million euros into HanseYachts AG. In return, they will also receive new HanseYachts shares at an issue price of EUR 3.80 each.
With this the boat and yacht builder gets rid of all old loans. Their average interest rate was 9.1 percent, according to the company, which can save around 1.09 million euros per year in interest costs in the future.
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