Brief: FIFAX To Restructure Loan Facility

FIFAX Abp

16/12/2022 15:18

Dec 16 (Reuters) - FIFAX Abp  FIFAX.HE :
    * INSIDE INFORMATION: FIFAX HAS AGREED ON THE RESTRUCTURING OF ITS LOAN FACILITY INCLUDING A
GRACE
PERIOD WITHOUT AMORTIZATIONS UNTIL 1 APRIL 2024
    * RESTRUCTURING OF ITS EUR 3.8 MILLION LOAN FACILITY
    * ACCORDING TO AMENDED TERMS AND CONDITIONS, LOAN REPAYMENTS SHALL COMMENCE ON 1 APRIL 2024,
WITH
LAST INSTALLMENT OF LOAN TO BE PAID ON 1 APRIL 2025
    *  RESTRUCTURED LOAN FACILITY INCLUDES A NEW COVENANT REQUIRING COMPANY TO MAINTAIN LIQUID
ASSETS
OF AT LEAST EUR 1 MILLION AS OF 1 MAY 2023 UNTIL END OF LOAN TERM
    * FACILITY INCLUDES COVENANT: CO TO MAINTAIN LIQUID ASSETS OF AT LEAST EUR 1 MILLION AS OF
MAY 1,
2023 UNTIL END OF LOAN TERM

Source text for Eikon:  ID:nMFN4N1sHv 
Further company coverage:  FIFAX.HE 
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