Lavo.tv AS announced that it has secured a new line of financing for NOK 12.5 million in convertible loan from its historical backer and longtime shareholder European High Growth Opportunities SF ('EHGO'). Lavo will enter into a completely new loan agreement with the European High Growth Opportunities Securitization Fund, which is affiliated with Alpha Blue Ocean. The funds will be used for necessary working capital and to help Lavo realize its potential, as well as to repay certain debt of Lavo to EHGO under its existing convertible loan note subscription agreement with EHGO (and as a result, EHGO will not be converting certain of the outstanding loan notes of Lavo which are held by EHGO). The NOK 12.5 million loan will be disbursed in one tranche, will have a maturity of one year and will bear a fixed interest rate of 5% per year ('the Loan').