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

4794

Submission date and time

30.12.2014 16:00:00

Content of announcement in Estonian

Title

PRF: AS-i PRFoods laenuportfelli refinantseerimine

Message

Tallinn, Eesti, 2014-12-30 15:00 CET (GLOBE NEWSWIRE) --


29.12.2014 sõlmisid AS PRFoods (edaspidi PRF) ja AS SEB Pank (edaspidi SEB)
arvelduslaenulepingu, mille alusel avatakse PRF-ile 5 000 000 euro suurune
krediidilimiit. Arvelduslaenu tähtaeg on 30.04.2016 ja intressimäär 3 kuu
EURIBOR + 1,7%. 

Arvelduslaenu lepingu sõlmimise põhjuseks on AS-i PRF kapitalistruktuuri
korrigeerimine. Venemaa ja Baltikumi jäätise ning külmutatud kaupade
äritegevuse müügitehingu
(https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=62
6802&messageId=777824)
käigus maksti SEB-le täies ulatuses tagasi PRF-i investeerimislaen ja
arvelduskrediit. Seisuga 30.11.2014 oli PRF-i intressikandvate kohustuste jääk
750 tuhat eurot. 


         Täiendav informatsioon:
         Katre Kõvask
         AS PRFoods
         Juhatuse esimees
         T: 6 033 800
         [email protected]
         www.prfoods.ee

Content of announcement in English

Title

PRF: Refinancing of Loan Portfolio of AS PRFoods

Message

Tallinn, Estonia, 2014-12-30 15:00 CET (GLOBE NEWSWIRE) --


On 29.12.2014, AS PRFoods (hereinafter PRF) and AS SEB Pank (hereinafter SEB)
executed an overdraft facility agreement under which SEB will grant PRF a
credit limit of 5 million euro. The final repayment term of the facility is
30.04.2016 and the interest rate is 3 months EURIBOR + 1.7%. 

The execution of the overdraft facility agreement serves the purpose of
restructuring of the capital structure of PRF. In the course of the transaction
of the sale and transfer of the Russian and Baltic ice cream and frozen goods
business operations
(https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=62
6802&messageId=777825),
the investment loan and overdraft facility of PRF were repaid to SEB in full.
As at 30.11.2014, the balance of interest bearing debt of PRF is 750 thousand
euro. 


         Additional information:
         Katre Kõvask
         AS PRFoods
         Chairman of Management Board
         T: +372 6 033 800
         [email protected]
         www.prfoods.ee