Claranova SE announced that it will has signed a facility agreement to raise ?108 million in a loan financing on April 1, 2024. The transaction will include participation from new investor, Cheyne Capital Management (UK) LLP and Heights Capital Management, Inc. The loan will have a 4 year maturity with bullet repayment on April 4, 2028. It is subject to quarterly interest payments of 6.5% p.a. plus the 3-month Euribor benchmark rate.

This financing also provides for additional compounded quarterly interest of 3.75% p.a., repayable at maturity, as well as an option by the company to pay interest in cash payments at 3.25% p.a. on each due date. The closing of the transaction, which is subject to the customary conditions precedent, is scheduled for April 4, 2024.