Marrone Bio Innovations, Inc. Announces Comprehensive Financing And Debt Restructuring Transaction [Reuters]
Marrone Bio Innovations, Inc. (MBII)
Last marrone bio innovations, inc. earnings: 11/12 04:05 pm
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Source: Reuters
Marrone Bio Innovations Inc (MBII.OQ) Key Developments | Reuters.com Dec 18 (Reuters) - Marrone Bio Innovations Inc ::MARRONE BIO INNOVATIONS, INC. ANNOUNCES COMPREHENSIVE FINANCING AND DEBT RESTRUCTURING TRANSACTION.MARRONE BIO INNOVATIONS-EACH OF 30.7 MILLION UNITS BEING BOUGHT BY OSPRAIE TO HAVE OF A SHARE OF CO, & A WARRANT TO BUY ONE SHARE FOR $1.00/SHARE.MARRONE BIO INNOVATIONS - EACH OF 13.3 MILLION UNITS BEING BOUGHT BY OTHER BUYERS TO HAVE 1 SHARE & A WARRANT TO BUY 0.8 SHARES OF CO FOR $1.00/SHARE.MARRONE BIO - INTENDS TO APPOINT TWO NEW CLASS I DIRECTORS DESIGNATED BY OSPRAIE TO CO'S BOARD OF DIRECTORS, EFFECTIVE UPON CLOSING.MARRONE BIO INNOVATIONS INC - EXPECTS TO RECEIVE APPROXIMATELY $27.7 MILLION OF CASH NET PROCEEDS FROM PROPOSED TRANSACTIONS.MARRONE BIO INNOVATIONS INC - CO'S OUTSTANDING INDEBTEDNESS EXPECTED TO BE REDUCED FROM $62.5 MILLION TO $17.5 MILLION FROM DEBT RESTRUCTURING?.MARRONE BIO INNOVATIONS INC - INTEREST RATE UNDER SNYDER LOAN AGREEMENT HAS ALSO BEEN
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