Claranova: healthier financial flexibility with a new EUR108m loan agreement
Yesterday, Claranova announced the signature of a new EUR108m bullet loan agreement, incl. EUR60m of new money brought by Cheyne Capital in order to fully redeem its OCEANE bonds (EUR45m) and a EUR5m Tranche B as part of a EUR17.5m bank debt. With this new refinancing CLA will benefit from a healthClaranova SA, formerly Avanquest SA, is a France-based holding company engaged in the technology industry. The Company operates through three businesses including Avanquest Software, that develops, publishes and markets Personal Computer (PC) software products in several categories, including system utilities, home graphics, digital imaging and small business solutions; the PlanetArt business operates a print-on-demand platform, which features five brands covering both Website and mobile application technologies. Among its applications is FreePrints, a mobile photo printing solution for iOS and Android. The Company also operates through myDevices business, which enables enterprises to design, prototype and commercialize Internet of Things (IoT) solutions through Cayenne, a drag-and-drop IoT project builder. Claranova SA offers its products and services in approximately 100 countries worldwide.
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