DGAP-Adhoc: Fyber N.V.: Planned convertible bond restructuring and new financing

DGAP-Ad-hoc: Fyber N.V. / Key word(s): Financing/Bond 
Fyber N.V.: Planned convertible bond restructuring and new financing 
 
07-Dec-2018 / 10:54 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
Fyber N.V. ("Fyber" or the "Company", FSE:FBEN) announces today, that it has 
entered into further financing agreements with Sapinda Holding B.V. 
("Sapinda") in an amount of EUR6 million. This equips the Company with 
sufficient liquidity to serve the upcoming January 2019 coupon payment on 
its 3.00% 7/2020 convertible bonds (ISIN XS1223161651, the "Bond") as well 
as to support part of the operative growth as per its guidance for the full 
year 2019. 
 
As announced on 6 September 2018, in relation to the effort to improve the 
capital structure, the Company considered to offer to bondholders the 
opportunity to acquire new shares of the Company against payment of their 
Bonds (the "Swap"). This option is now materializing, and the Company plans 
to invite to an extraordinary shareholder meeting to, inter alia, present 
the Swap, the rate of exchange between Bonds and shares, and the creation of 
the necessary new shares for approval. 
 
Sapinda has committed to support such Swap and to assure the contribution of 
bonds in the amount of at least EUR70 million into such Swap. The support by 
Sapinda for the Swap and the loan are conditioned upon the agreement on a 
rate of exchange between Bonds and shares with Sapinda and an external 
expert validating such rate of exchange. 
 
Further details regarding the Swap, especially the rate of exchange between 
the Bonds and shares will be disclosed separately once determined. 
 
*Notifying person:* 
Yaron Zaltsman, CFO 
 
*Investor Contact:* 
Sabrina Kassmannhuber 
[e-mail] 
[phone] 
 
07-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  Fyber N.V. 
          Johannisstr. 20 
          10117 Berlin 
          Germany 
Phone:    [phone] 
E-mail:   [e-mail] 
Internet: https://investors.fyber.com/ 
ISIN:     NL0012377394 
WKN:      A2DUJD 
Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated 
          Unofficial Market in Tradegate Exchange 
 
End of Announcement DGAP News Service 
 
755265 07-Dec-2018 CET/CEST 
 
 

(END) Dow Jones Newswires

December 07, 2018 04:54 ET (09:54 GMT)