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Eros International PLC Announces $100 million Equity-linked Financing

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Eros International, a leading global company in the Indian film entertainment industry, has announced that it entered into definitive agreements with an institutional investor in connection with a registered direct offering of $122.5 million aggregate principal amount of its senior convertible notes due 2020 and warrants to purchase 2,000,000 of the Company’s A ordinary shares, for gross proceeds of $100 million, before deducting estimated offering expenses.

The Company intends to use the net proceeds to repay amounts outstanding under its revolving credit facility and for general corporate purposes. The offering is expected to close on or around December 6, 2017, subject to satisfaction of customary closing conditions.

Citigroup Global Markets Inc. served as capital markets advisor to the Company in connection with the offering.

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