Brief: Robit: Financing Agreement Renewed

Robit Oyj

03/01/2019 09:04

Jan 3 (Reuters) - Robit Plc  ROBIT.HE :
    * REG-ROBIT PLC:: ROBIT PLC'S FINANCING AGREEMENT RENEWED
    * AGREED ON RESTRUCTURING OF EUR 35.0 MILLION IN LOANS WITH
ITS
MAIN FINANCING BANK.
    * COVENANT OF COMPANY'S FINANCING AGREEMENT DID NOT MEET
REQUIREMENTS OF FINANCING AGREEMENT
    * OBTAINED CONSENT OF FINANCING BANK TO BREACH COVENANT.
    * EUR 5 MILLION WILL BE REPAID IN BOTH JANUARY AND APRIL
2019
    * MARGIN ON LOANS WILL BE INCREASED BY, ON AVERAGE, 1.1
PERCENTAGE
POINTS.

Source text for Eikon:  ID:nGNE4WPYns 
Further company coverage:  ROBIT.HE 

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