Brief: NoHo Partners Completes Negotiations On New Long-Term Financing Package

NoHo Partners Oyj

15/02/2021 15:16

Feb 15 (Reuters) - NoHo Partners Oyj  NOHOP.HE :
    * NOHO PARTNERS HAS COMPLETED THE NEGOTIATIONS ON A NEW
LONG-TERM
FINANCING PACKAGE
    * PURPOSE OF NEGOTIATED FINANCING PACKAGE OF APPROXIMATELY
MEUR
141 IS TO SECURE COMPANY'S LONG-TERM FINANCING POSITION AND MAKE
RECONSTRUCTION PROGRAMME AFTER EXCEPTIONAL CIRCUMSTANCES END
POSSIBLE
    * FINANCING PACKAGE CONSISTS OF A FIVE-YEAR PROGRAMME IN
WHICH
LOAN INSTALMENTS ARE MEUR 6 DURING 2021 FINANCIAL PERIOD AND
APPROXIMATELY MEUR 22 DURING 2022 FINANCIAL PERIOD
    * AT BEGINNING OF FINANCING PROGRAMME, INTEREST LEVEL OF
LOANS
GRANTED BY FINANCIAL INSTITUTIONS WILL INCREASE TO A LITTLE OVER
3 PER CENT UNTIL COVID-19 BRIDGE FINANCING HAS BEEN PAID BACK.
AFTER THAT, INTEREST LEVEL WILL GRADUALLY RETURN TO ABOUT 2.6
PER CENT

Source text for Eikon:  ID:nGNEnB3cH 
Further company coverage:  NOHOP.HE 

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