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Ettevõte AS Ekspress Grupp
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Kategooria Muud korporatiivtoimingud
Avaldamise aeg 21 juuli 2021 08:30:00 +0300
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Valuuta
Pealkiri Amendments to the loan agreements of AS Ekspress Grupp
Tekst
AS Ekspress Grupp and AS SEB Pank signed amendments to the loan agreements, as a
result  of which the  new due date  of the loans  is 18 July 2026 instead of the
previous  date of  25 April 2022. According  to the  new agreement,  the monthly
repayment was reduced from EUR 204 thousand a month to EUR 60 thousand a month.

In  addition, a new loan  agreement was concluded with  AS SEB Pank to refinance
the  loan of AS Citadele banka in the amount of EUR 2.1 million with due date 3
June  2024. According  to  the  new  agreement  the loan repayment schedule will
remain unchanged, the new due date is 18 July 2026.

According  to the  new agreements  the interest  margin will  be in the range of
1.75%-1.9% instead  of  the  previous  1.9%-3.9%. Other  key  terms  of the loan
agreements remained unchanged.

As  a result  of the  amendment to  the loan  agreements, AS Ekspress Grupp will
considerably  improve  the  group's  liquidity  position  and  will have greater
flexibility  to maintain an adequate working  capital level, strengthen its core
existing  operations  and  increase  the  investments  in development of digital
businesses.


Signe Kukin
CFO of the Group
AS Ekspress Grupp
Telephone: +372 669 8381
E-mail address: signe.kukin@egrupp.ee (mailto:signe.kukin@egrupp.ee)


AS Ekspress Grupp is the leading media group in the Baltic States whose key
activities include web media content production, publishing of newspapers and
magazines and provision of printing services in Estonia, Latvia and Lithuania.
Ekspress Grupp that launched its operations in 1989 employs almost 1600 people,
owns leading web media portals in the Baltic States and publishes the most
popular daily and weekly newspapers as well as the majority of the most popular
magazines in Estonia.