Alcoholic beverage producer ekes out agreement with GEM Global Yield
By Devika Patel
Knoxville, Tenn., Sept. 8 - Belvedere SA said it arranged a €70 million equity line of credit with GEM Global Yield Fund Ltd.
The company may draw up to €70 million over three years.
Based in Beaune, France, Belvedere is a producer and distributor of alcoholic and non-alcoholic beverages.
| Issuer: | Belvedere SA
|
| Issue: | Equity line of credit
|
| Amount: | €70 million
|
| Tenor: | Three years
|
| Warrants: | No
|
| Investor: | GEM Global Yield Fund Ltd.
|
| Pricing date: | Sept. 8
|
| Stock symbol: | Pink Sheets: BVDRF
|
| Stock price: | $33.45 at close Sept. 7
|
| Market capitalization: | $54.96 million
|
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