This announcement outlines a significant financial agreement between Voxeljet AG and Anzu’s industrial technology investment fund regarding the revision and extension of an existing loan arrangement, as well as the establishment of a new loan note. Here’s a breakdown of the key points:
- Revision and Extension of Existing Loan Arrangement:
- The existing loan note issued by Voxeljet AG to Anzu, originally with a principal amount of USD 3,209,483.12 and a maturity date of January 3, 2028, has been amended and restated.
- The terms and conditions of the Existing Loan Note have been largely aligned with those of the New Loan Note.
- Establishment of New Loan Note:
- A new loan note, amounting to USD 5,500,000.00, has been established.
- This New Loan Note will be disbursed in two tranches of USD 2,750,000.00 each.
- The first tranche will be provided upon Anzu’s receipt of duly executed collateral documentation, with the second tranche scheduled for release on July 15, 2024, or an earlier agreed-upon date.
- The New Loan Note carries a maturity date of June 30, 2026, subject to potential early repayment under certain conditions.
- Utilization of Loan Proceeds:
- The net proceeds from the loan will be utilized by Voxeljet AG to finance its operational activities and facilitate the delisting and deregistration of its ADSs.
- Collateral:
- Customary collateral has been furnished to secure Anzu’s claims under both the New Loan Note and the Existing Loan Note.
- Important Additional Information:
- Clarifies that this announcement is not an offer to sell or buy securities and emphasizes compliance with applicable laws.
- States that the New ADRs were offered through a private placement and have not been registered under relevant securities laws, and thus may only be offered or sold in compliance with applicable exemptions.
- Forward-Looking Statements:
- Warns that any forward-looking statements contained in the announcement are subject to inherent risks and uncertainties, and actual events may differ from anticipated ones. The Company disclaims any obligation to update such statements except as required by law.
This announcement serves to inform stakeholders of the financial agreement between Voxeljet AG and Anzu, providing details on the terms, utilization of funds, and regulatory considerations.
