Market announcement
Arco Vara AS
Category
Other price sensitive information
Date
01.10.2008 10:55:53
Title
Lühiajaliste laenude refinantseerimine
Message
Arco Vara Grupp refinantseeris Laeva ja Tivoli projektidega seotud 198,2 mln krooni (12,7 mln eurot) lühiajalisi laene SEB pangas. Tehingu tulemusena pikendati laenulepingute lõpptähtaega kuni 31. Märts 2010 ning Arco peab laenu lõpptähtajaks vähendama laenude põhiosa kokku 56,2 mln krooni (3,6 mln eurot). Laenude jäägiks jääb142,0 mln krooni (9,1 mln eurot). Intressiks on SEB panga Eesti krooni laenude baasintress ja kaalutud keskmine intress on 8,12%. Vastavalt lepingule peab Arco Vara hoidma likviidseid vahendeid SEB panga kontodel vähemalt 150 mln krooni (9,6 mln euro) ulatuses. Arco Vara on Baltimaade üks juhtivaid kinnisvaraettevõtteid, mis laieneb Ida-Euroopa turgudel, opereerides juba Ukrainas, Bulgaarias ja Rumeenias. Ettevõtte põhitegevuseks on kinnisvaraarendus, mida toetavad enda kinnisvarabürood ja ehitusäri. Firmal on esindused 26 linnas ning grupis töötab 570 inimest. Arco Vara 2007. aasta konsolideeritud auditeeritud käive moodustas 727 mln krooni (46 mln eurot), puhaskasum enne vähemusosalusi 235 mln krooni (15 mln eurot) ja bilansimaht 3 564 mln krooni (228 mln eurot). Arco Vara aktsiad on noteeritud Tallinna Börsil. 1 EUR=15,6466 EEK Heigo Metsoja CFO +372 6144 654 heigo.metsoja@arcovara.ee http://www.arcorealestate.com
Title
Refinancing of short-term debt
Message
Arco group refinanced its short-term debt in SEB bank in amount of 198.2 mln kroons (12.7 mln euros) in projects Laeva and Tivoli in Tallinn, Estonia. As a result of the deal new maturity of the debt is 31 March 2010 and Arco must decrease outstanding balance by the end of the term in total 56.2 mln kroons (3.6 mln euros). New balance will be 142.0 mln kroons (9.1 mln euros). Interest includes SEB's base rate on kroon facilities and the total weighted average rate is 8.12% per annum. According to the agreement Arco must maintain the level of liquid assets in amount of 150 mln kroons (9.6 mln euros) on SEB accounts. 1 EUR=15.6466 EEK Arco Vara is one of the leading real estate developer in the Baltic's, undergoing a SEE expansion with presence established already in Ukraine, Bulgaria and Romania. Core business is real estate development supported by brokerage network and construction arm. The company has offices in 26 cities and employs 570 people. According to 2007 audited consolidated results net sales was 727 mln kroons (46 mln euros), net profit before minorities 235 mln kroons (15 mln euros) and assets 3 564 mln kroons (228 mln euros). Arco Vara is listed on Tallinn Stock Exchange. 1 EUR=15,6466 EEK Heigo Metsoja CFO +372 6144 654 heigo.metsoja@arcovara.ee http://www.arcorealestate.com