Brief: Teleste Signs EUR 53 Million Syndicated Loan Facilities Agreement

Teleste Oyj

30/08/2024 07:16

Aug 30 (Reuters) - Teleste Oyj  TLT1V.HE :
    * HAS SIGNED EUR 53 MILLION SYNDICATED LOAN FACILITIES
AGREEMENT
    * AGREEMENT INCLUDES EUR 26 MILLION TERM LOAN AND EUR 19
MILLION
REVOLVING CREDIT FACILITY FOR REFINANCING GROUP'S EXISTING
INDEBTEDNESS, AS WELL AS COMMERCIAL GUARANTEE LIMITS TOTALLING
EUR 8 MILLION
    * AGREEMENT HAS 2-YEAR MATURITY WITH TWO 1-YEAR EXTENSION
OPTIONS
SUBJECT TO LENDERS' APPROVALS
    * TERM LOAN IS AMORTISED IN QUARTERLY INSTALMENTS OF EUR 0.8
MILLION

Source text for Eikon:  ID:nWkr3YwZHT 
Further company coverage:  TLT1V.HE 

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