ELTON signed an agreement with Eurobank to cover a joint bond loan of three million euros.
According to the listed company, the loan will be used to meet its needs for more permanent working capital to enhance its liquidity.
The announcement in detail:
The Management of the Company “ELTON INTERNATIONAL TRADE SOCIETE ANONYME COMMERCIAL AND INDUSTRIAL COMPANY” (hereinafter “the Company”) following the relevant decision of the Board of Directors dated 10/06/2022 announces that Bond Loan in accordance with articles 59-74 of Law 4548/2018 and article 14 of Law 3156/2003, as in force, amounting to three million (3,000,000) Euros and lasting five (5) years with coverage by the Societe Anonyme Banking under the name “EUROBANK BANK SA”.
The “EUROBANK BANK SA” was appointed Payment Manager and Representative of the Bondholders.
The product of this non-secured Common Bond Loan will be used by the Company to meet its needs for more permanent working capital to enhance its liquidity.