TORONTO, Dec. 15, 2020 /CNW/ - Optiva Inc.
("Optiva" or the "Company") (TSX: OPT), a leader in
providing communications service providers ("CSPs")
worldwide with cloud-native revenue management software on the
public cloud, is pleased to announce that Neo Exchange Inc. (the
"NEO") has accepted the Company's application for the
supplemental listing of US$90,000,000
aggregate principal amount of 9.75% secured PIK toggle debentures
due 2025 (the "Debentures"). The NEO has advised that the
Debentures will be listed for trading on the NEO under the symbol
OPT.DB.U effective at market open on December 16, 2020.
The Debentures were issued pursuant to the Company's
non-brokered private placement and marketed brokered private
placement (the "Debenture Financing"), which closed on
July 20, 2020. The net proceeds from
the Debenture Financing were used to finance the redemption of all
of the Series A Preferred Shares of the Company (see the Company's
news release dated July 20, 2020 for
additional details). The Debentures are governed by a trust
indenture dated as of July 20, 2020
by and among, the Company, certain subsidiaries of Optiva, and
Computershare Trust Company of Canada, as trustee and collateral agent. A
copy of the trust indenture is available under the Company's
profile at www.sedar.com.
About Optiva Inc.:
Optiva Inc. is a leading provider of cloud-native revenue
management software for the telecommunications industry. Its
products are delivered on private and public cloud and in various
as-a-service models. The company's revenue management, monetization
and engagement solutions help telcos worldwide in different lines
of business to achieve their goals. Optiva brings years of telecom
expertise to its portfolio, worldwide delivery experience and
unique cloud journey, offering telcos unmatched speed, scale,
flexibility and savings. Optiva helps operators unlock their
potential to maximize digital, 5G and IoT market opportunities.
Established in 1999, Optiva Inc. is on the Toronto Stock Exchange
(TSX: OPT). For more information, visit www.optiva.com.
SOURCE Optiva Inc.