Kurs & Likviditet
Beskrivning
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|---|---|
| Lista | MERK Equities |
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| Industri | Projektering |
2022-12-14 11:30:08
Reference is made to the decision by the general meeting of Black Sea Property
AS (the "Company", and together with its consolidated subsidiaries, the "Group")
on 30 November 2022 regarding approval of entry into of a loan agreement by EPO
Bulgaria EOOD (the Company's wholly owned subsidiary in Bulgaria, "EPO
Bulgaria") for a loan amount of approximately EUR 7.5 million.
A loan agreement in the amount of up to EUR 7.5 million (the "Loan" and the
"Loan Agreement") has now been entered into, however with certain variations as
to what was approved by the general meeting of the Company. The background for
the amended terms has been ongoing discussions between our local Bulgarian
partner, Mr. Boyan Bonev, and prospective lenders.
The main terms of the Loan Agreement are as set out below:
- The Loan will be taken up by EPO Aheloy OOD ("EPO Aheloy", the development and
property-owning company for the Sunrise Gardens Resort) rather than EPO
Bulgaria