Brief: IBSM Signs Annex To Letter Of Intent With Duo Finance

Wise Finance SA

01/07/2019 12:28

July 1 (Reuters) - IBSM SA  IBSP.WA :
    * SAID ON FRIDAY THE COMPANY SIGNED AN ANNEX TO THE LETTER
OF
INTENT WITH DUO FINANCE REGARDING DEBT FINANCING
    * UNDER THE ANNEX THE COMPANY IS TO PROVIDE FURTHER DEBT
FINANCING
TILL DECEMBER 31, 2020 (PREVIOUSLY, BEFORE THE ANNEX WAS SIGNED,
TILL JUNE 30, 2020)
    * UNDER THE ANNEX THE INTEREST ON C SERIES BONDS CHANGES TO
12%
PER YEAR FROM 10% PER YEAR
    * AS THE RESULT OF SIGNING THE ANNEX THE REDEMPTION DATE OF
THE C
SERIES BONDS ALSO CHANGES TO DECEMBER 31, 2020 FROM JUNE 30,
2020

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM20xL6ka
    
 Further company coverage:  IBSP.WA  
   


 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))