In the conclusion of a common bond loanEUR 9 million, Elton proceeded, with coverage from National Bankas announced.
According to the contract, signed on April 30, the loan is one year with the possibility of an annual renewal for two additional years. The loan will be used to pay ELTON’s existing lending to the National Bank by its bond loan.
Elton’s announcement in detail:
The management of the company “ELTON INTERNATIONAL COMMERCIPAL COMMERCIAL COMPANY” (hereinafter “The Company”) Following on its Board of Directors dated 29/04/2025, it announces that on Wednesday 30/04/2025, a one -year -olds were signed (with a two -year year) Provisions of Law 4548/2018 and Law 3156/2003, with a total nominal value of nine million (€ 9,000,000.000.00) (“bond loan”), covering it by the “NATIONAL BANK OF GREECE SA” (“Bond Lender”) and with the most specific terms provided therein. The payment manager and a representative of the bondholders was appointed “NATIONAL BANK OF GREECE SA”. The product of that non -insured common bond loan will be used to:
- the repayment of existing lending of the company to the National Bank of Greece SA from a bond loan of its issuance under no. 5927030851 from 12-05-2022 contract coverage of a joint bond loan and appointment of proxy payments and representatives of the bondholders, and in particular the balance of this loan at the date of issue of the loan and the loan date and
- The company’s needs in the long -term movement capital needs to serve the corporate purpose of the company.