Market announcement
Investment Friends SE
LEI code
259400FB2RUKJ5MP7B90
Size of the entity
Micro undertaking
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
8077
Submission date and time
09.06.2020 19:13:48
Content of announcement in English
Title
Conclusion of a loan agreement.
Message
The Management Board of Investment SE headquartered in Tallinn informs that on 09/06/2020 the Company granted a loan amounting to EUR 1 500 000,00 for Damar Patro UU with its registered office at Harju maakond, Tallinn, Kesklinna linnaosa, Tornimäe tn 5, 10145, (Ariregister number 14494537). According to the concluded agreement, the Lender undertook to transfer the total amount of the loan to the Borrower’s bank account until 15/06/2020. The loan agreement was concluded for the period till 30/06/2023. Interest on the loan was agreed as 2,5% per year. Instalments of the loan shall be paid in six-month periods. The first instalment shall be paid till 31/12/2020. Repayment of the loan was secured by the Borrower by issuance a blank promissory note with a declaration for the Issuer. The loan was concluded with no reservations concerning any condition or deadline. The Issuer has a right to demand an early repayment of the entire loan immediately in case of poor financial situation of the Borrower.