Brief: Nordic Iron Ore Extends And Prolongs Short Term Loans

Nordic Iron Ore AB

04/10/2023 07:04

Oct 4 (Reuters) - Nordic Iron Ore AB  NIO.ST :
    * NORDIC IRON ORE EXTENDS AND PROLONGS SHORT TERM LOANS
    * HAS ENTERED INTO LOAN AGREEMENTS TO EXTEND AN EXISTING
LOAN
FACILITY BY SEK 6.0 MILLION FROM BENGTSSONS TIDNINGS AB WITH
FAMILY, LUDVIKA HOLDING AB AND A GROUP OF INVESTORS INCLUDING
FREDRIK ATTEFALL, JOHAN FLINK OCH MARTIN RAMQVIST, TO A TOTAL OF
SEK 28.0 MILLION
    * AT SAME TIME, TERM FOR REPAYMENT FOR EXISTING OUTSTANDING
LOANS
OF SEK 26.0 MILLION HAS BEEN PROLONGED UNTIL FEBRUARY 28, 2024
    * PREVIOUS LOAN AGREEMENTS HAVE BEEN ENTERED WITH COMPANY'S
THREE
LARGEST SHAREHOLDERS, A FORMER BOARD MEMBER AND COMPANY'S CEO
    * AGREEMENT HAS SAME INTEREST AS PREVIOUS LOANS WHICH
ENTAILS AN
ANNUAL INTEREST RATE OF 8 PERCENT ON OUTSTANDING LOANS

Source text for Eikon:  ID:nMFN15r6C5 
Further company coverage:  NIO.ST 

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