Market announcement
AS Ekspress Grupp
LEI code
529900B52V1TUMW7FS54
Size of the entity
Large group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
3766
Submission date and time
23.07.2012 16:07:21
Content of announcement in Estonian
Title
AS Ekspress Grupp refinantseeris olemasolevad laenud
Message
Tallinn, Eesti, 2012-07-23 15:07 CEST (GLOBE NEWSWIRE) --
AS Ekspress Grupp sõlmis 12. juulil 2012 uue sündikaatlaenulepingu, millega
refinantseeriti grupi kõik senised laenu- ja kapitalirendikohustused pankade
ning liisingfirmade ees. Refinantseerimise tehing viidi lõpule 23. juuli 2012.
Uue sündikaadi osapoolteks on SEB Pank ja Nordea Pank.
Olulisemad tingimused võrreldes varasema lepinguga on 1% võrra varasemast
madalam intressi marginaal, laenulepingu lõpptähtaja pikenemine 25. juulini
2017 ning laenu igakuiste tagasimaksete arvestamine keskmiselt 7,8 -aastase
graafiku alusel. Lepingu lõppemisel on ühekordselt tagasimakstav laenujääk
ligikaudu 11 miljonit eurot. Siiani kehtinud laenu lõpptähtaeg oli 25. jaanuar
2015 ning laenu tagasimaksed 5-aastase graafiku järgi.
Uue sõlmitud sündikaatlaenulepingu muudatused hakkavad ettevõtte
majandusstulemustele mõju avaldama koheselt. Uus leping toob kaasa igakuised
madalamad laenu põhiosa- ja intressimaksed ning lisaks vähenevad laenude
tagamisega seotud kulud. Kokku on lepingumuudatuste mõju ettevõtte
puhaskasumile ligikaudu 200 tuhat eurot aastas. Rahavooliselt on kokkuhoid
laenuteenindamisele järgmistel aastatel ligikaudu 3 miljonit eurot aastas. Kui
siiani oli lepingus sees keeld maksta aktsionäridele dividende, siis uue
lepingu kohaselt on see lubatud. Uue sündikaatlepingu sõlmimisega kannab
ettevõte lepingutasude ja tagatiste vormistamisega seoses kulusid ligikaudu 60
tuhat eurot.
Sündikaatlaenulepingu muutmise tulemusena vähenevad ettevõtte kulud ning kasvab
ettevõtte vaba raha hulk, mida ettevõtte plaanib investeerida äri
kasvatamisesse läbi uute ettevõtete või käivet tootvate varade omandamise ja
käivitamise.
"Ekspress Grupp on hea näide ettevõttest, kus tugev juhtkond ja omanikud
suudavad ka väga rasketes majandusoludes säilitada usalduse ettevõtte valitud
tee osas. SEB on Ekspress Gruppi alati uskunud, sest ettevõtte professionaalne
meeskond suudab oma visiooni ellu viia ka keerulistes oludes. Uus sündikaatlaen
mõjub ettevõtte finantsolukorrale soodsalt ning aitab tugevdada meediagrupi
turupositsiooni" kommenteeris SEB juhatuse liige ja ettevõtete panganduse juht
Allan Parik.
„Ekspress Grupp on tugeva juhtimise all väljunud kriisist ja näidanud end
usaldusväärse partnerina pankadele. Usume Ekspress Grupi juhtimisotsustesse ja
meil on hea meel jätkata nende pikaajalise koostööpartnerina,“ sõnas Nordea
Eesti juhatuse liige Andres Laane, jae- ja korporatiivpanganduse juht.
Lisainformatsioon:
Gunnar Kobin
Juhatuse esimees
GSM: +372 5188111
e-mail: [email protected]
Content of announcement in English
Title
AS Ekspress Grupp to refinance the existing loans
Message
Tallinn, Estonia, 2012-07-23 15:07 CEST (GLOBE NEWSWIRE) --
On July 12th 2012, AS Ekspress Grupp entered a new syndicate loan contract that
refinances group’s existing loan and financial leas obligations towards banks
and leasing companies. The refinancing transaction was settled on 23rd of July
2012. The parties of the new syndicate are SEB Bank and Nordea Bank.
The most important conditions when compared towards the earlier contract are
the interest marginal that is 1% lower than the previous one, extending the
final term of the loan contract until July 25th 2017 and calculation of monthly
loan repayments according the schedule of average 7.8 years. Loan balance as
capital payment upon termination of the contract is approximately 11 million
euros. The final contractual term up to now was 25th of January 2015 and
repayments were based on a 5-year schedule.
Amendments of the new entered syndicate loan contract shall have immediate
impact on the economic results of the company. The new contract brings about
lower monthly interest and loan repayments, the guarantee fees paid shall also
decrease. In total, the impact of contract amendments on company's net profit
is approximately 200 thousand euros a year. Considering the cash flow, savings
in debt servicing will be about 3 million euros a year. So far, the contract
prohibited payment of dividends to shareholders; payment is permissible
pursuant to the new contract. With entering the new syndicate contract, the
company incurs costs in approximately 60 thousand euros on contract fees and
formalisation of securities.
As a result of amending the syndicate loan, company’s expenses shall decrease
and the amount of free cash, which the company plans to invest into growing the
business through new companies or acquiring and launching assets producing
turnover, shall increase.
“Ekspress Grupp is a good example of a company where strong management and
owners can maintain trust towards the path chosen by the company also under
severe economical conditions. SEB has always believed in Ekspress Grupp since
the company’s professional team is capable to realize their vision also under
complicated circumstances. The new syndicate loan has an advantageous impact
over the financial situation of the company and helps to strengthen the market
position of the media group", stated Allan Parik, Management Board Member and
Manager of the Corporate & Institutions Area of SEB.
“Under strong leadership, Ekspress Grupp has pulled through the crisis and
shown itself to banks as a reliable partner. We believe in the managerial
decisions of Ekspress Grupp and are glad to continue as their long-term
cooperation partner,” said Andres Laane, Nordea Bank’s Management Board Member
and Deputy Head of Banking.
Additional information:
Gunnar Kobin
Chairman of the Management Board
GSM: +372 5188111
e-mail: [email protected]