CEDC » Topics » Loans repayments and receipts

This excerpt taken from the CEDC 8-K filed Jul 13, 2009.

Loans repayments and receipts

As a consequence of the Acquisition and the re-financing all of the loans and borrowings outstanding as at 31 December 2007 were repaid including loans from the related parties.

In July 2008 the Group re-financed and obtained a loan facility from a new related party (subsidiary of new parent company after Acquisition) with limit of 315,000. The loan was received in several tranches which are repayable within from 15 to 84 months. The loan bears floating rate interest based on LIBOR (EURIBOR) plus from 5.5% to 7% depending on a particular tranche conditions. The amount of the loan drawdown to 30 June 2009 including respective interest was 287,728.

This excerpt taken from the CEDC 8-K filed Jul 10, 2009.

Loans repayments and receipts

As a consequence of the Acquisition and the re-financing all of the loans and borrowings outstanding as at 31 December 2007 were repaid including loans from the related parties.

In July 2008 the Group re-financed and obtained a loan facility from a new related party (subsidiary of new parent company after Acquisition) with limit of 315,000. The loan was received in several tranches which are repayable within from 15 to 84 months. The loan bears floating rate interest based on LIBOR (EURIBOR) plus from 5.5% to 7% depending on a particular tranche conditions. The amount of the loan drawdown to 30 June 2009 including respective interest was 287,728.

EXCERPTS ON THIS PAGE:

8-K
Jul 13, 2009
8-K
Jul 10, 2009
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