Last update: 05.07.2024 12:02 (GMT+3)

Kalev: Refinancing of syndicate loan

28.03.2000, Kalev, TLN
KALEV
ANNOUNCEMENT

REFINANCING OF SYNDICATE LOAN

On 28.03.2000 AS Kalev and AS Eesti Ühispank made an investment
loan agreement for EEK 60 million to refinance the loan issued to
AS Kalev by international syndicate of banks in year 1998. Loan is
guaranteed by second mortgage and commercial pawn. Pursuant to the
agreement concluded today, AS Kalev will repay the long-term loan
to AS Eesti Ühispank within five years.

AS Kalev made a syndicate loan agreement in 1998 for period of
three years in the amount of EEK 130 million, at balance of EEK
80.8 million. Pursuant to the agreement, AS Kalev is obligated to
repay the loan balance to international syndicate as at 31.03.2000.

AS Kalev and AS Eesti Ühispank made an additional agreement to
reduce AS Kalev credit line limit by EEK 20 million, thus setting
the credit limit at EEK 10 million.


Annika Rinde
Executive Assistant
+372 628 3710

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