Brief: OEX Receives Pay-Off Letter And Signs Debt Release Agreement

Oex SA

17/10/2019 10:22

Oct 17 (Reuters) - OEX SA  OEXP.WA :
    * SAID ON WEDNESDAY THAT IT HAS RECEIVED A PAY-OFF LETTER
FROM
SANTANDER BANK POLSKA, ING BANK SLASKI, SANTANDER FACTORING AND
ING COMMERCIAL FINANCE (CREDITORS)
    * IN SAID LETTER BANKS HAVE DEFINED THE CONDITIONS APPROVING
THE
SALE OF 100% STAKE IN ARCHIDOC SHARES 
    * COMPANY HAS ALSO SIGNED DEBT RELEASE AGREEMENT WITH THE
BANKS
CONCERNING 37.7 MILLION ZLOTY LOAN AGREEMENT FOR ARCHIDOC AND
ARCHIDOC MED
    * AFTER REPAYMENT OF A PART OF THE SAID LOAN OBLIGATIONS THE
TOTAL
DEBT OF THE COMPANY WILL AMOUNT TO 9.0 MILLION ZLOTYS
    * ALL THE CREDITORS APPROVALS ARE CONDITIONAL UPON THE
PLANNED
SALE OF 100% STAKE IN ARCHIDOC

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1lG8CQa
    
 Further company coverage:  OEXP.WA  
   


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