Brief: Austriacard Holdings Signed EUR 186.6 Million Refinancing Agreement

Austriacard Holdings AG

20/12/2023 06:30

Dec 20 (Reuters) - Austriacard Holdings AG  ACAGr.AT :
    * REPORTED ON TUESDAY THAT THE CO SIGNED FINANCIAL AGREEMENT
WITH
A CONSORTIUM OF 10 EUROPEAN BANKS LED BY UNICREDIT 
    * THE AGREEMENT FOR UP TO EUR 186.6 MILLION INCLUDES
RECURRING
CREDITS, FIXED-TERM LOANS AND ISSUANCE OF LETTERS OF GUARANTEE,
WITH A DURATION OF 3 TO 5 YEARS 
    * PART OF THE FUNDS WILL BE USED TO REFINANCE EXISTING
BORROWING
FROM CO SUBSIDIARIES 
    * THE REST OF THE FUNDS TO BE USED FOR THE FINANCING OF CO'S
DEVELOPMENT

        
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