Brief: Ortivus Is Extending Its Existing Credit Facility Agreement

Ortivus AB

24/10/2024 10:35

Oct 24 (Reuters) - Ortivus AB  ORTIb.ST :
    * SAID ON WEDNESDAY CO IS EXTENDING ITS EXISTING CREDIT
FACILITY
AGREEMENT WITH CO’S MAIN SHAREHOLDER, PONDERUS INVEST AB
    * CREDIT FACILITY AMOUNTS TO 25 MSEK, ALL OF WHICH IS
CURRENTLY
UTILIZED
    * GROUP IS ALSO CLOSE TO FINALIZING PROCESSES RELATED TO
CYBERATTACK THAT AFFECTED ONE OF ITS UK-BASED SUBCONTRACTORS IN
SUMMER OF 2023 
    * THE CYBERATTACK HAS SIGNIFICANTLY IMPACTED THE GROUP’S
REVENUES,
WHILE ALSO LEADING TO SUBSTANTIAL ONE-OFF COSTS
    * IN LIGHT OF THE ABOVE, BOARD HAS REACHED AGREEMENT TO
EXTEND
EXISTING CREDIT FACILITY WITH PONDERUS UNTIL 31 DECEMBER 2025

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nMFN1s0k7L
 Further company coverage:  ORTIb.ST  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))