Elektrobit Group Oyj - EUR 20 million credit facility agreements for Elektrobit Corporation (EB)
July 02, 2014
EUR 20 million credit facility agreements for Elektrobit Corporation (EB)
Stock exchange release
Free for publication on July 2, 2014 at 6.30 p.m. (CEST+1)
EUR 20 million credit facility agreements for Elektrobit Corporation (EB)
Elektrobit Corporation (EB) has signed EUR 10 million credit facility agreement with Nordea Bank Finland Plc and EUR 10 million credit facility agreement with Pohjola Bank Plc on July 2, 2014. These agreements, intended for general financing purposes, are valid until June 30, 2017 and include conventional covenants that are, among others, related to equity ratio, transfer and pledge of the assets.
These credit facility agreements replace EUR 20 million credit facilities from Nordea Bank Suomi plc, which were valid until 30.6.2014.
Oulu, July 2, 2014
Elektrobit Corporation
Jukka Harju
CEO
Further information:
Jukka Harju
CEO
Tel. +358 40 344 5466
Veli-Pekka Paloranta
CFO
Tel. +358 40 344 2793
Distribution:
NASDAQ OMX Helsinki
Principal media
Elektrobit Corporation (EB)
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. The net sales in 2013 totaled EUR 199.3 million and operating profit was EUR 8.1 million. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com
