Stock Exchange & Press Releases 2014

Subscribe to
press releases
- Email subscription

Subscribe to Releases

Please note that all the fields marked with an asterisk (*) need to be filled before submitting the order form.

Country: *
Name:
Company:
E-mail: *
Language: *	English Finnish
Subscription type: *	Reports Press releases
Privacy Statement:	I agree to Bittium Privacy Statement
When You have completed the form, please send the request by clicking the Submit button below.

Print this release

Elektrobit Group Oyj - EUR 20 million credit facility agreements for Elektrobit Corporation (EB)

July 02, 2014

EUR 20 million credit facility agreements for Elektrobit Corporation (EB)

Stock exchange release

Free for publication on July 2, 2014 at 6.30 p.m. (CEST+1)

EUR 20 million credit facility agreements for Elektrobit Corporation (EB)

Elektrobit Corporation (EB) has signed EUR 10 million credit facility agreement with Nordea Bank Finland Plc and EUR 10 million credit facility agreement with Pohjola Bank Plc on July 2, 2014. These agreements, intended for general financing purposes, are valid until June 30, 2017 and include conventional covenants that are, among others, related to equity ratio, transfer and pledge of the assets.

These credit facility agreements replace EUR 20 million credit facilities from Nordea Bank Suomi plc, which were valid until 30.6.2014.

Oulu, July 2, 2014

Elektrobit Corporation
Jukka Harju
CEO

Further information:

Jukka Harju
CEO
Tel. +358 40 344 5466

Veli-Pekka Paloranta
CFO
Tel. +358 40 344 2793

Distribution:

NASDAQ OMX Helsinki
Principal media

Elektrobit Corporation (EB)

EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. The net sales in 2013 totaled EUR 199.3 million and operating profit was EUR 8.1 million. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com