Agile Content, a leading provider of digital TV/OTT and video delivery solutions, offering a competitive end-to-end portfolio of scalable products, SaaS applications, and cloud-based services for telecom and media companies, has signed with Inveready Convertible Finance II, F.C.R., Inveready’s Strategic Public Equity vehicle, a total of 30 convertible bonds.
The decisión, which was anticipated on May to the market got the approval of the General Shareholders Meeting.
The bonds, valued at €3 million, were issued in a single series so that the right and obligations corresponding to the bonds are identical. These funds will be used to accelerate the company’s organic and acquisitional growth, by making strategic purchases in local markets in Europe and by consolidating their B2B2C business line, Agile TV.
In order to meet the eventual requests for conversión of the bonds into shares of the company under the issue, Agile Content also agreed to increase the company’s share capital.
Grupo Inveready is a shareholder of Agile Content, with 9.75%.
Lexcrea advised Agile Content during the process and the team was led by Silvia Martínez Losas (pictured left) together with Vadym Pidhorodetskyy.
Inveready, who currently own a minority stake in the company, were advised by Alberto Campo, founding partner of Evergreen Legal, and counsel Yurena Medina.