Aussino Boosts Working Capital

摘要

Home textiles manufacturer Aussino, which also has retail operations in its home country of China, plans to issue convertible senior notes of up to $30 million to Crede CG III Ltd. The investor is a wholly-owned subsidiary of Crede Capital Group LLC, a U.S.-based institutional investor that focus- es on companies in the life sciences, healthcare, energy, natural resources, media, social media, lifestyle, technology and special situations sectors. In a statement announcing the conditional agreement between the parties, Aussino said it will use the funding for working capital needs as well as to pursue business acquisitions.