Market announcement

Arco Vara AS

LEI code

097900BHCB0000066171

Size of the entity

Small group

Economic activities

Professional, Scientific and Technical Activities

Country of registered office

Estonia

General information

Categories

Other price sensitive information

Unique data record identifier

6446

Submission date and time

09.01.2018 12:23:25

Content of announcement in Estonian

Title

Arco Vara AS-i tütarfirma pikendas laenulepingut Piraeus pangaga

Message

Arco Invest EOOD, Arco Vara AS-i 100%-line tütarfirma, on allkirjastanud
kokkuleppe Piraeus Bank Bulgaria Plc-ga, pikendamaks Sofias asuva Madrid
Boulevard’i hoonega seotud laenu. Laenu pikendati kuni 30.12.2019, kusjuures
30.01.2018 ja 30.01.2019 tehakse kaks põhiosa tagasimakset, mõlemad summas 500
tuhat eurot. Laenu intressi langetati 4,5%-ni. Laenu jääk oli 31.12.2017
seisuga 8,57 mln eurot. 


         Kristel Tumm
         Finantsjuht
         Arco Vara AS
         Tel: +372 614 4662
         [email protected]

Content of announcement in English

Title

Arco Vara AS' subsidiary extended the loan agreement with Piraeus Bank

Message

Arco Invest EOOD, a 100% subsidiary of Arco Vara AS, has signed an agreement
with Piraeus Bank Bulgaria Plc for extending the loan related to the Madrid
Boulevard building in Sofia. The loan was extended until 30.12.2019 with two
principal repayments of 500 thousand euros each to be made on 30.01.2018 and
30.01.2019. The loan interest was decreased to 4.5%. The loan balance was 8.57
mln euros as of 31.12.2017. 


         Kristel Tumm
         CFO
         Arco Vara AS
         Tel: +372 614 4662
         [email protected]