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Sunday, 20.07.2025, 10:56
Novaturas, Luminor agree to delay liabilities
BC, Vilnius, 07.10.2020.
Print version
Print versionNovaturas, one of the largest tour operators in the Baltic states, hit by the ongoing coronavirus crisis, has on Tuesday reached agreement with Luminor bank to delay payments of a long-term loan and extend the overdraft, informs LETA/BNS.
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The start of partial payments of the long-term loan has been postponed for 5 months until the end of March. The overdraft limit which today amounts to EUR 3.6 million has also been extended until March 31, 2021, the company announced via the Nasdaq Vilnius Stock Exchange.
"The company intends to use it to secure its liquidity until will be able to resume more sustainable operations," Novaturas said.
Central European Tour Operator owns 47.4% of Novaturas. Its shares are quoted on the Vilnius and Warsaw stock exchanges.
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