Brief: Nordic Iron Ore Prolongs Short-Term Loans

Nordic Iron Ore AB

05/07/2023 06:50

July 5 (Reuters) - Nordic Iron Ore AB  NIO.ST :
    * NORDIC IRON ORE PROLONGS SHORT-TERM LOANS OF SEK 24.5
MILLION
WITH THE COMPANY’S THREE LARGEST SHAREHOLDERS AND A FORMER BOARD
MEMBER
    * REPAYMENT PERIOD HAS BEEN PROLONGED BY 1.5 MONTHS AND THE
LOANS
ARE NOW DUE FOR REPAYMENT ON NOVEMBER 15
    * AGREEMENT HAS THE SAME INTEREST AS PREVIOUS LOANS WHICH
ENTAILS
AN ANNUAL INTEREST RATE OF 8 PERCENT ON THE OUTSTANDING LOANS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN5dcslM
 Further company coverage:  NIO.ST  

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