Wholesale Convertible Note issue
Cooks Coffee Company Limited (NZX: CCC, Aquis: COOKS) advise that, following an unsolicited approach expressing interest in a convertible note offer, Cooks has approved the offer and issue of up to NZ$2 million of convertible notes to selected wholesale investors in New Zealand, Australia or the United Kingdom, with the key terms summarised in the Appendix. Funds raised from the notes offer would be applied to
- Growth of the existing café network
- Acquisitions
- Development of digital infrastructure
- Repayment of third party debt,