Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Other price sensitive information
Unique data record identifier
2977
Submission date and time
02.12.2010 10:58:15
Content of announcement in Estonian
Title
Baltika sõlmis pankadega laenuportfelli restruktureerimise kokkuleppe
Message
Baltika Grupi finantspositsiooni tugevdamise paketi viimase tegevusena sõlmis AS Baltika käesoleva aasta novembris AS-ga Swedbank ning Nordea Bank Finland Plc Eesti filiaaliga laenude refinantseerimise lepingud kogumahus 17,1 miljonit eurot ning garantiilimiitide lepingud kogumahus 2,9 miljonit eurot tähtajaga 31.12.2014. Tegemist oli mitmete erinevate laenude, nii pika- kui lühiajaliste laenude konsolideerimise ning laenude tagasimakse graafikute vastavusse viimisega reaalse rahavoo võimalusega lähiaastatel. Laenude refinantseerimise tulemusel on Baltika Grupi lühi- ja pikaajaliste laenude suhe ligikaudu 5%/95% senise 40%/60% asemel. Finantspositsiooni tugevdamise paketi edukas realiseerimine tagab juhtkonna hinnangul ettevõtte finantspositsiooni jätkusuutlikkuse majanduskriisist väljumiseks ning ettevõtte strateegiliste eesmärkide saavutamiseks kuni 2014 aasta lõpuni. Ülle Järv Finantsdirektor, Juhatuse liige +372 630 2731
Content of announcement in English
Title
Baltika signed a loan portfolio restructuring agreement with banks
Message
As the last step in strengthening its financial position, Baltika Group has signed debt refinancing agreements of 17.1 million euros in aggregate and guarantee facility agreements of 2.9 million euros in aggregate with AS Swedbank and Nordea Bank Finland Plc Estonian Branch. The agreements concluded in November this year will mature on 31 December 2014. The transactions involved consolidating a number of different loans, both short- and long-term ones, and aligning the settlement schedules with the Group's real cash flow capabilities in the next few years. As a result of refinancing, the Group's current to non-current loans ratio is approximately 5%/95% in place of the former 40%/60%. Management believes that successful implementation of the financial reinforcement package will ensure the Group with a sustainable financial position for exiting the economic crisis and achieving its strategic objectives until the end of 2014. Ülle Järv CFO, Member of the Management Board +372 630 2731