Oatly Group entered into privately negotiated agreements with certain investors pursuant to which Oatly agreed to sell and the investors agreed to purchase from Oatly $300M aggregate principal amount of 9.25% Convertible Senior PIK Notes due 2028. Oatly also announced today that, on March 15, 2023, it entered into a commitment letter to amend its Sustainable Revolving Credit Facility Agreement, and a commitment letter documenting a $125M term loan B credit facility commitment.
Published first on TheFly
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