VANCOUVER, BC, July 4, 2023
/CNW/ - BBTV Holdings Inc. (TSX: BBTV) ("BBTV" or the
"Company"), the leading creator monetization company with a mission
to help creators become more successful, announces that RTL Group
(through its subsidiary, UFA Film und Fernseh) has granted BBTV the
option to retire its debt under the secured convertible promissory
loan note ("Secured Convertible Loan") of approximately
$20.4 million (as at June 30, 2023) at a discount based on a variety
of factors, including the Company having a successful financing on
or before September 15, 2023.
The remaining terms of the Secured Convertible Loan are currently
unchanged.
About BBTV
BBTV is a global media and technology
company headquartered in Vancouver,
Canada. The Company's mission is to help content creators
become more successful. With creators ranging from individuals to
global media brands, BBTV provides comprehensive, end-to-end
Solutions to increase viewership and drive revenue powered by its
innovative technology, while allowing creators to focus on their
core competency – content creation. In December 2022, BBTV had the fourth most unique
monthly viewers among digital platforms with more than 600 million
globally, who consumed more than 35 billion minutes of video
content [1]. (www.bbtv.com)
[1] Calculations and classifications made by BBTV based on data
from Comscore's "Top 12 Countries = December
2022 comScore Video Metrix Media Trend – Multi-Platform –
Top 100 Video Properties Report"; Top 12 countries represent ~50%
of world's digital population.
Links to SEDAR filings, conference call recordings and press
releases are available on the investor website
at: https://investors.bbtv.com/
Forward-looking Information / Disclaimer
There can be
no assurance that the Company will be able to retire its debt under
its Secured Convertible Loan at a discount (which may be considered
to be forward-looking information within the meaning of applicable
securities laws) as its ability to exercise its option to do so is
based on, among other things, the Company having a successful
financing on or before September 15,
2023 which is subject to various risks and is not
assured. Risk factors include the dependency of a successful
financing on the Company's financial performance, the absence of
material adverse changes in the Company's operations, prospects or
financing needs, economic uncertainties and the state of the
financial markets generally. See also the risk factors
discussed in the Company's Final Long Form Prospectus dated
October 22, 2020, its Annual
Information Form dated March 31, 2023
and its MD&A dated May 12, 2023
each filed on sedar at www.sedar.com and in the Company's
other filings with the Canadian securities regulatory authorities
at www.sedar.com. The Company does not undertake any
obligation to update any forward-looking information, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
For further information please contact
Media Relations: pr@bbtv.com
Investor Relations: ir@bbtv.com
BBTV-F
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SOURCE BBTV Holdings Inc.