Brief: Echo Investment Unit Signs Credit Agreement

Echo Investment SA

03/01/2022 08:23

Jan 3 (Reuters) - Echo Investment SA  ECH.WA :
    * SAID ON FRIDAY ITS UNIT ECHO – ARENA SIGNED CREDIT
AGREEMENT FOR
CONSTRUCTION OF TWO OFFICE BUILDINGS IN BRAIN PARK COMPLEX IN
KRAKOW
    * THE CONSTRUCTION LOAN AMOUNTS TO EUR 65.5 MILLION
    * THE INVESTMENT LOAN AMOUNTS TO EUR 65.6 MILLION
    * THE VAT LOAN AMOUNTS TO 9.0 MILLION ZLOTYS
    * BOTH CONSTRUCTION AND INVESTMENT LOAN HAVE AN EURIBOR
BASED
FLOATING INTEREST RATE, INCREASED BY BANKS INTEREST MARGIN
    * VAT LOAN HAS A WIBOR BASED FLOATING INTEREST RATE,
INCREASED BY
BANKS INTEREST MARGIN

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4FJFXTa
 Further company coverage:  ECH.WA  

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