Market announcement
Investment Friends Capital SE
LEI code
259400IJV1V3TF45QC25
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
8105
Submission date and time
19.06.2020 18:53:30
Content of announcement in English
Title
Conclusion of cash loan agreements
Message
The Management Board of INVESTMENT FRIENDS CAPITAL SE based in Tallinn informs that on 8/07/2020, 9/07/2020, 17/07/2020 and 19/07/2020 it concluded with Damar Patro UU with the seat of Harju maakond, Tallinn, Kesklinna linnaosa, Tornimäe tn 5, 10145, Registry No. 14494537_ loan agreement in the amount of EUR 1.200.000,00. Pursuant to the concluded agreements, the loan amount will be disbursed until 22/07/2020 in Polish zlotys and the conversion rate was PLN 4,40 per EUR. The loan agreements were concluded until 30/06/2023. The interest rate on the loan was set at 2.5% per annum. Interest installments will be payable in six-month periods. The first interest installment will be payable by 31/12/2020. The loan repayment has been secured by the borrower by issuing a blank promissory note with a declaration to the Issuer. The contract has not been concluded subject to a condition or time limit. The Issuer is entitled to demand the return of the entire loan amount immediately in the event of a poor financial status of the Borrower.