<iframe src="//www.googletagmanager.com/ns.html?id=GTM-MX3DVL" height="0" width="0" style="display:none;visibility:hidden"></iframe>Pestalozzi advises Achiko AG in connection with convertible loan facility of up to USD 12 million from Yorkville Advisors | Pestalozzi Attorneys at Law

Pestalozzi advises Achiko AG in connection with convertible loan facility of up to USD 12 million from Yorkville Advisors

26.11.2020

Pestalozzi advises Achiko AG – a platform company listed on the SIX Swiss Exchange - in connection with the entering into a convertible loan facility agreement of up to USD 12 million with Yorkville Advisors Global, L.P., a New Jersey based investment firm. The terms of the agreement with Yorkville Advisors allow to convert each loan note into Achiko shares based on the prevailing Investor's Spot Rate of Exchange at the time of conversion and divided by the prevailing share price at time of conversion. The agreement calls for the drawdowns of the facility within a two-year period. The first tranche of the loan facility is CHF 2.5 million. Additional drawdowns are to be agreed by both, Achiko and Yorkville Advisors.

The Pestalozzi team included:
Christian Leuenberger (Partner - Corporate / M&A, Capital Markets), Nils Harbeke (Partner - Tax)

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