Markets

iClick Interactive Asia Group Issues $20 Million Convertible Note to Marine Central

11:02AM ET 11/12/2019 MT Newswires
iClick Interactive Asia Group (ICLK) said Tuesday it has issued $20 million in aggregate principal amount of a three-year convertible note due 2022 to Marine Central Ltd.

The note will bear interest at a rate of 5.0% a year and be convertible into American depositary shares. Each American depositary share will represent one-half of an ordinary iClick share.

Net proceeds will be used primarily for investment in the company's enterprise solutions and other businesses.

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