Eros International Plc, a Global Indian Entertainment Company, announced that it entered into definitive agreements with an institutional investor in connection with a registered direct offering of $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 offering is expected to close on or around September 30, 2019, subject to satisfaction of customary closing conditions.
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 October 2, 2017. Investors should read the prospectus in that registration statement and the prospectus supplement for the offering to which this communication relates and other documents that the Company has filed and will file with the SEC for more complete information about the Company and the offering.―Business Wire