India Development News & Foreign Investment Opportunities

Eros Announces $25M Equity-Linked Financing

Proceeds for general purposes

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Proceeds for general purposes

 

Eros International.
Eros’ poster.

 

Eros International Plc has entered into definitive agreements with an institutional investor in connection with a registered direct offering of US$27.5 million aggregate principal amount of senior convertible notes due 2020 for gross proceeds of $25 million, before deducting estimated offering expenses.

The Company intends to use the net proceeds for general corporate purposes.

The securities are being offered pursuant to a registration statement on Form F-3 (including a prospectus) and a prospectus supplement for the offering to which this communication relates which have been filed with the Securities and Exchange Commission (the SEC).

The registration statement was declared effective on 2 October 2017, said Eros on 26 Sept 2019 on announcing the equity-linked financing.

Eros International Plc is a Global Indian Entertainment Company that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. fiinews.com

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