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Tuesday, 23.04.2024, 16:45
Baltic RE Group plans to borrow EUR 35.3 mln from Luminor Bank
BC, Riga, 22.11.2018.
Print version
Print versioneal estate developer Baltic RE Group is planning to borrow a long-term EUR 35.3 mln loan from Luminor Bank, according to the company's statement submitted to Nasdaq Riga stock exchange.
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Baltic RE Group is planning to sign a new loan agreement for an amount of up to EUR 35.3 mln with Luminor Bank, destined to the immediate repayment of the outstanding exposure with ABLV Bank in liquidation and for the early redemption of the company bonds up to the amount of EUR 4.1 mln, on which the company's board will take the necessary decision on relevant redemption date in the close future.
The loan could also be used for the purchase of minority holdings held in the company's subsidiaries (up to the amount of EUR 900,000).
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