Loop Industries: EUR10m financing and sale of first licence
Loop Industries has secured a EUR10m convertible financing from Reed Societe Generale Group. The convertible preferred financing features (i) a 13% PIK dividend rate, (ii) a 5-year term, and (iii) the option to convert to Loop common stock at USD4.75 per share or redeem in cash. As part of the deal
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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