J.Molner AS concluded a loan agreement extending the existing credit facility of The J. Molner Company OÜ
Tallinn, 2023-04-10 09:00 CEST --
On 06 April 2023 J.Molner AS concluded an unsecured loan agreement which extended the existing credit facility of The J. Molner Company OÜ and under which J.Molner AS is entitled to draw down an additional loan with a principal of up to USD 2,000,000. The term of the loan is five years, and the interest is 7% p.a. J.Molner AS may draw down the loan at any time in any amounts required during the five year period. J.Molner AS is also entitled to prepay the loan without incurring additional fees and draw down additionally the amounts it has already prepaid.
As an added incentive to the creditor J.Molner AS has granted the creditor an option to acquire 35,000 shares of J.Molner AS for the price of EUR 5.26 upon the term of the loan.
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