Business
Repayment of OTP Bank Loan
Repayment of OTP Bank Loan.
About this update from Ukrproduct Group Ltd
[{"type":"text","content":"\n \nRNS Number : 3761E Ukrproduct Group Ltd 09 February 2018 \n\n \n \n 09 February 2018\n \nUkrproduct Group Ltd\n(\"Ukrproduct\" or the \"Company\")\n \nRepayment of OTP Bank Loan\n \nFurther to the announcement made on 07 February 2018, Ukrproduct is pleased to announce that it has drawn down UAH 32.3 million (the \"Loan\") under the terms of the loan agreement with PJSC \"CREDITWEST BANK\" (the \"CreditWest Loan Agreement\") in order to fully repay all amounts outstanding to OTP Bank. Accordingly, the Company has no outstanding liabilities to OTP Bank. The Loan is secured against certain real estate and property assets of the Company.\nAs a result of the abovementioned drawdown, there remains approximately UAH 32.7 million available to the Company under the terms of the CreditWest Loan Agreement.\n \n \nFor further information contact:\n \n\n\n\n\nUkrproduct Group Ltd\n\n\n\n\n\n\n\nJack Rowell, Non-Executive Chairman\n\n\nTel: +380 44 232 9602 \n\n\n\n\nAlexander Slipchuk, Chief Executive Officer \n \n\n\nwww.ukrproduct.com \n\n\n\n\nStrand Hanson Limited\n\n\n\n\n\n\n\nNominated Adviser and Broker\nRory Murphy, James Dance, Jack Botros\n\n\nTel: +44 20 7409 3494\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Ma...