Brief: Medcom Tech formalizes a 3.5 million euro loan

Medcom Tech SA

21/07/2016 08:01

July 21 (Reuters) - Medcom Tech SA  MEDC.MC : 
    * Said early on Thursday it has formalized a loan of 3.5 
million euros ($3.86 million) from a Finish investment fund 
Certior Credit Opportunities Fund Ky 
    * Loan is due in seven years, has two years of grace period 
and will be paid out in two tranches: 1.9 million euros payable 
now and 1.6 million euros deliverable not sooner than after 
three months 
    * Among the conditions of the loan, Medcom Tech is obliged 
to limit dividend payments until 2020 
    * To use the loan to finance growth in Portugal, Italy, 
Dominican Republic and Serbia 
 
     
 Source text: http://bit.ly/2ae36fk 
     
 Further company coverage:  MEDC.MC   
    
 
 
 
($1 = 0.9069 euros) 
 
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