Information on a significant transactions of the subsidiary companies
Amber Beverage Group Holding S.à r.l. (hereinafter also “ABG” and the “Group”) informs that ABG subsidiary’s SIA AMBER DISTRIBUTION LATVIA loan (overdraft) from BluOr Bank AS is in the process of replacing by factoring services. As the result, BluOr Bank AS has entered into factoring agreements with ABG subsidiaries SIA AMBER DISTRIBUTION LATVIA and UAB AMBER DISTRIBUTION LITHUANIA for a one year term. Accordingly collateral agreements entered by Group’s companies as per loan (overdraft) are in the process of renewal as well.
The total amount of the secured overdraft to be replaced by factoring is 15 million euros. The effect of the transaction is assessed positively on the Group’s and subsidiary companies commercial activity, as by restructuring of the existing overdraft more suitable financing conditions are being obtained.
Arturs Evarts
Member of the Board
Phone: +371 6701 1705
Email: forinvestors@amberbev.com
www.amberbev.com
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