Ideal is proceeding with the issuance of a Joint Bond Loan of up to 33.3 million euros through Eurobank, in order to finance the acquisition of Byte.
The duration of the loan will be four years.
More specifically, according to the announcement:
“The company “IDEAL HOLDINGS A.E.” (hereinafter the “Company”), in accordance with article 17 par.1 of Regulation (EU) no. 596/2004 of the European Parliament informs the investing public that in the framework of the Public Proposal submitted by the Company for the acquisition by the Company of 100% of the issued shares of the company “BYTE COMPUTER ANONYMI VIOMICHANIKI KE EMPORIKI ETERIA”, with the distinctive title “BYTE A.V. .EE”, the Company decided to issue a joint bond loan (in accordance with the applicable provisions of Law 3156/2003 and Law 4548/2018) from EUROBANK SA up to the amount of thirty-three million three hundred thousand ( 33,300,000 euros), secured in rem, for the purpose of financing the consideration payable in cash of the Public Offer as well as the total liquidation amount borne by the Company in favor of EL.K.A.T., regarding the registration of the shares of BYTE A.B.E.E that will be offered.
The duration of the loan is four years with the right to prepayment without penalty. The bond lender Bank EUROBANK SA was appointed as Bond Lender, Bond Holder Representative and Organizer.
Source: Capital
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