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Nordic Fibreboard AS have signed agreement with Swedbank and Maaelu Edendamise Sihtasutus to refinance loans
Nachrichtenquelle: globenewswire | 23.12.2020, 11:29 | 119 | 0 Nordic Fibreboard AS, and its subsidiary Nordic Fibreboard Ltd (hereinafter - the Group) have signed loan agreement with its current lender Swedbank and new lender Maaelu Edendamise Sihtasutus (hereinafter - the Lenders) to refinance the Group s loans. The refinancing allows the Group to restructure its debts, currently total debt being EUR 4.436 million, to now becoming EUR 3.2 million. Maaelu Edendamise Sihtasutus will provide a EUR 2.0 million loan, duration 6 years with 20 year amortisation schedule. The loan carry an interest rate of 2% per annum for the first 2 years, then 4%