CE Brands Announces the Closing of its Secured Convertible Note Restructuring and Restructuring of the Vesta Loan Facility into Secured Notes

CALGARY, Alberta, Jan. 16, 2023 (GLOBE NEWSWIRE) -- CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, is pleased to announce it has completed its previously announced restructuring of senior secured convertible notes (the “Secured Note Restructuring”) as well as the restructuring into senior secured notes of its US$2,000,000 senior secured facility (the “Vesta Loan Facility”) granted by Vesta Global Stability Fund (“Vesta Fund”) first announced on June 23, 2022 (the “Vesta Loan Facility Restructuring”, and together with the Secured Note Restructuring, the “Secured Debt Restructuring Transactions”).

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