Brief: Irras Secures Short-Term Financing Agreement

Irras AB

19/05/2022 07:34

May 19 (Reuters) - Irras AB  IRRAS.ST :
    * IRRAS SECURES SHORT-TERM FINANCING AGREEMENT OF MSEK 30
    * SHORT-TERM FINANCING AGREEMENT WITH BACARA HOLDINGS, ITS
LARGEST
SHAREHOLDER, WHICH IS LED BY COMPANY'S CHAIRMAN OF BOARD OF
DIRECTORS, MARIOS FOTIADIS
    * THIS BRIDGE LOAN AGREEMENT PROVIDES IRRAS UP TO MSEK 30 IN
FUNDING TO COVER ITS WORKING CAPITAL NEEDS UNTIL COMPLETION OF
COMPANY'S ONGOING FINANCING PROCESS
    * SHORT-TERM LOAN IS A SECURED CREDIT FACILITY WITH AN
INTEREST
RATE OF 6.0% ON AN ANNUAL BASIS.

Source text for Eikon:  ID:nWkr4Ry64J 
Further company coverage:  IRRAS.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))