Brief: Nextil Approves Subscription Of New Shareholder Loan For 3.0 Mln Euros

Nueva Expresion Textil SA

13/02/2023 06:59

Feb 13 - Nueva Expresion Textil  NXTE.MC :
    * SAID ON FRIDAY IT APPROVED SUBSCRIPTION OF NEW SHAREHOLDER
LOAN
BY VIRTUE OF WHICH NEXTIL'S MAJORITY SHAREHOLDER  BUSINESSGATE
GRANTS SHAREHOLDER LOAN TO NEXTIL FOR 3.0 MLN EUROS
    * LOAN GRANTED FOR TERM OF THREE YEARS, WITH FIXED INTEREST
RATE
OF 4.00% PER ANNUM
    * AUDIT COMMITTEE CONSIDERS THAT GRANTING OF PARTICIPATING
LOAN BY
BUSINESSGATE TO IMPROVE NEXTIL'S LIQUIDITY, SOLVENCY AND EQUITY
POSITION IS BENEFICIAL TO NEXTIL, ITS GROUP OF COMPANIES AND ITS
SHAREHOLDERS

        
 Source text: https://bit.ly/3IjahDX
 Further company coverage:  NXTE.MC