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Urion Investments buys 8.1% of Atico and US$16.4 million in convertible debt

FinanceInternationalTradingView35 s readAI summary
Image: TradingView

Urion Investments Holdings Sárl, on behalf of Trafigura, acquired 16.15 million Atico shares, equal to 8.1% of the company, and a US$16.4 million secured convertible obligation with a conversion price of US$0.22. According to the release, up to 27.32 million shares could be issued without additional approvals. The transaction is presented as an early balance-sheet restructuring with a new strategic creditor-shareholder, following prior debt under a 2022 credit agreement.

In 35 seconds

  • Urion acquired 16.15 million Atico shares, 8.1% of the company, on behalf of Trafigura.
  • It also bought a US$16.4 million secured convertible obligation at a conversion price of US$0.22.
  • Up to 27.32 million shares could be issued without additional approvals.
Read the full story at TradingView

IASummary generated by artificial intelligence from a story by TradingView. It may contain errors: the original source prevails.

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