RomReal Extends Alpha Bank Loan for 2 Years
(Thomson Reuters ONE) -
RomReal is pleased to announce that the Company has received a written
confirmation from Alpha Bank that an extension of the loan facility of EUR 11.6
million has been approved for a period of 2 years with maturity on 30.11.2012.
Following this the final loan documentation will now be put in place.
The difference between the size of this agreed facility and the size of the
original loan of EUR 13.7 million is the EUR 2.1 million repayment that the
Company made after selling the "Bus Station" plot in October 2010.
Kay Thorkildsen RomReal CEO said:
"We are very pleased that we have obtained a 2 year extension and with the faith
that Alpha Bank has shown in RomReal's operation. With the cash balances of EUR
2.57 million at the end of Q3 and the 2 year extension of the loan we feel that
the Company is in a sound financial position for the future. The Company will
now prioritize further divestments of plots in the land bank, and with the 2
year extension of the loan we now have significantly more flexibility timing
wise to achieve the best possible values for our high quality land bank."
For further information, please contact:
Harris Palaondas,
Investor Relations
Mob: +40 73 11 23 037
E-mail: investors(at)romreal.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1461830]
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: RomReal via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 12.11.2010 - 06:30 Uhr
Sprache: Deutsch
News-ID 48702
Anzahl Zeichen: 2090
contact information:
Town:
Hamilton
Kategorie:
Business News
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"RomReal Extends Alpha Bank Loan for 2 Years"
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