Capital/Financing Update • Oct 23, 2020
Capital/Financing Update
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| Company | AS PRFoods |
|---|---|
| Type | Company Release |
| Category | Other corporate action |
| Disclosure time | 23 Oct 2020 18:00:00 +0300 |
Title
PRF: Subsidiary of AS PRFoods is borrowing from the Rural Development Foundation
AS PRFoods has approved the borrowing of the six-year investment loan in the amount of one million euros from the Rural Development Foundation by its subsidiary Osaühing Vettel under the measure ?COVID-19 loan to bio- and rural enterprises" (aid measure 3.3). The interest rate of the loan will be 2.5% for the first two years and 4.5% thereafter. The investment loan shall be used for automatization of the factory of Osaühing Vettel in Saaremaa. The loan is secured by a mortage and a commercial pledge on the assets of Osaühing Vettel to the following rankings of existing creditors and a 100% guarantee from AS PRFoods.
Indrek Kasela AS PRFoods Mermber of the Management Board T: +372 452 1470 [email protected] (mailto:[email protected]) www.prfoods.ee (http://www.prfoods.ee)
Finantsinspektsioon http://www.fi.ee
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