Arco Vara
12.03.2015: Arco Vara finalized changing the conditions of loan agreement with Piraeus Bank Bulgaria
DGAP-News: Arco Vara 2015-03-12 / 08:00 --------------------------------------------------------------------- In October 2014, Arco Vara reached an agreement with Piraeus Bank Bulgaria to change the conditions of the loan agreement of Arco Vara Group's Bulgarian subsidiary Arco Invest EOOD as a result of which 950 thousand EUR of the loan amount was repayable in January 2015 and the repayment of the rest of the principal loan was postponed until December 2017. By now repayment to Piraeus Bank Bulgaria in the amount of 950 thousand EUR has been made and in addition the loan agreement's annex, which furthermore reduces the Group's risks regarding the conditions of the possible recall of the loan before maturity date by the bank, has been signed. After the repayment in the amount of 950 thousand EUR the remaining loan amount is 10 874 thousand EUR. Evelin Kanter Head of Legal Department Arco Vara AS Tel: +372 614 4594 evelin.kanter@arcovara.ee http://www.arcorealestate.com News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-03-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Arco Vara Estonia ISIN: EE3100034653 End of News DGAP News-Service --------------------------------------------------------------------- 332471 2015-03-12
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