Completion of Vaahto Group’s Financing Negotiations
VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 18.12.2013 at 16.00
COMPLETION OF VAAHTO GROUP’S FINANCING NEGOTIATIONS
Vaahto Group’s financing negotiations have been completed. As a result of the successful negotiations, the Group received two million euros in additional funding from its owners. Simultaneously, the credit institutions have forgiven loans of one million euros. In the negotiations, the credit institutions and owners agreed to grant an exemption from repayments of loans to the parent company and its subsidiaries. The exemption is valid until 31 December 2014.
As another result of the negotiations, the credit institutions agreed to forgive loans of two million euros if certain contract terms will be fullfilled during the first quarter of 2014. Vaahto Group considers it likely that the terms will be met.
Lahti, 18 December 2013
VAAHTO GROUP PLC OYJ
Board of Directors
For more information, please contact:
CEO, Vaahto Group Plc Oyj
Tel: +358 400 127 664
Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.