Singulus Secures €22.75M Loan, Repays Triumph as Stake Is Sold
Singulus secured a subordinated secured loan of approximately €22.75 million to repay all liabilities to Triumph and its affiliates. Triumph sold its approximately 16.75% stake to a German investor, and its board representative resigned.
Singulus secured a subordinated, secured loan of approximately €22.75M to repay all liabilities owed to Triumph and its affiliates. Triumph sold its ~16.75% stake in Singulus to a German investor, and its representative on Singulus’ board resigned.