Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: GlobalData
$250.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

MicroPort Scientific Corp proposes financing and enters into purchase Option Agreement with Otsuka


Sunday, 15 Dec 2013 05:29am EST 

MicroPort Scientific Corp:Says on Dec. 15 for the purpose of financing the Acquisition, it as borrower, and Otsuka, a substantial shareholder of the company, as lender entered into the Credit Agreement.Says pursuant to the credit agreement, Otsuka has agreed to grant to it certain credit facilities amounting to $200 mln (equivalent to about HK$1.56 bln).Says the facilities consist of three tranches, namely, the Term A Loan, the Term B Loan and the Term C Loan.Says the Term A Loan is for $60 mln (equivalent to about HK$467 mln) and has a maturity date falling one year after drawdown.Says in connection with the Term A Loan, Otsuka was granted the Purchase Option.Says the term B loan is for $40 mln (equivalent to about HK$311 mln) and has a maturity date falling three years after drawdown.Says the term B Loan is convertible at the option of Otsuka into Shares at any time prior to maturity.Says the term C loan is for $100 mln (equivalent to about HK$778 mln) and has a maturity date falling one year after drawdown.Says in connection with the Term A Loan, MicroPort Coop, an indirectly wholly-owned subsidiary of the company, the company and Otsuka have entered into the Purchase Option Agreement on Dec. 15.Says Otsuka will pay $1.00 to MicroPort Coop as consideration. 

Company Quote

4.48
-0.04 -0.88%
29 Aug 2014