Market announcement
AS PRFoods
LEI code
529900PFXFO2ZDCRNK93
Size of the entity
Medium group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
2846
Submission date and time
01.09.2010 12:17:30
Content of announcement in Estonian
Title
Laenude refinantseerimine
Message
AS Premia Foods ja AS UniCredit Bank Eesti filiaal sõlmisid 30.08.2010.a. laenulepingud kogusummas 12 075 000 EUR, millega tsentraliseeriti kontserni laenuhaldus ning refinantseeriti suurem osa kontserni olemasolevast laenuportfellist. Kogusummast 2 700 000 EUR moodustab kontserni kõikide olemasolevate arvelduskrediitide refinantseerimine. Olemasolevad investeerimislaenud refinantseeriti summas 7 742 390 EUR ning peamiselt Hladokombinat nr. 1 soetamise tõttu kasvanud tootmismahtude ning muude tulevikuvajaduste tarbeks loodi puhver summas 1 632 610 EUR. Investeerimislaenude tähtaeg on 5 aastat ning laenu põhiosa tagasimaksed toimuvad 7 aastase graafiku alusel. Peale refinantseerimist on AS Premia Foods laenulimiidi suurus 15 550 000 EUR, millest hetkel on ära kasutatud 13 917 390 EUR. Refinantseerimise tulemusena vähenevad oluliselt kontserni finantskulud, kuna kontserni kaalutud keskmine intressimäär langeb arvestuslikult 5,58%-lt aastas 2,76%-ni (6 kuu EURIBOR + 1,62%). Lisainfo: Andri Avila CFO AS Premia Foods Tel: +372 6 033 800 E-post: [email protected] http://www.premiafoods.eu
Content of announcement in English
Title
Refinancing of loans
Message
On August 30th 2010, AS Premia Foods and AS UniCredit Bank Estonian Branch signed loan agreements in the total amount of 12 075 000 EUR to centralize the credit management of the group and refinance most of the existing loan portfolio. Of the total agreement amount, 2 700 000 EUR was used to refinance all existing overdraft agreements. The existing investment loans were refinanced in the total amount of 7 742 390 EUR. To finance the increased production volumes caused mainly by the acquisition of Khladokombinat No 1 and other future needs, a buffer of 1 632 610 EUR was created. The term of the investment loans is 5 years and the principal is amortized according to 7-year schedule. After refinancing, the total credit line of AS Premia Foods is 15,550,000 EUR of which 13 917 390 EUR is currently used. As the result of the refinancing the financial expenses of the group will decrease considerably as the weighted average interest rate of the group falls from 5,58% to 2,76% (6-month EURIBOR + 1,62%). Additional information: Andri Avila CFO AS Premia Foods Tel: +372 6 033 800 E-post: [email protected] http://www.premiafoods.eu