Common Contracts
1 similar Investment Loan Agreement contracts
CURRENT REPORT NO. 27/2014Investment Loan Agreement • October 10th, 2014
The Management Board of FABRYKI MEBLI “FORTE” S.A. with registered office in Ostrów Mazowiecka hereby informs that on 24th of June 2014 an investment loan agreement was concluded with mBank Spółka Akcyjna with its seat in Warsaw, Corporate Branch in Olsztyn for the amount 2 400 000 EUR (in words: two million and four hundred thousand Euro only) which constitutes an equivalent of the amount 9 984 720 PLN (in words: nine million nine hundred and eighty four thousand seven hundred and twenty Polish zloty only) for the financing and refinancing the purchase of production machinery and equipment. Draw down of the loan will be performed in the form of payment orders submitted by the Issuer, realized by the Bank, payment for the Supplier’s invoice or reimbursement of investment outlays incurred. The loan was granted until 31 December 2018. Its repayment installments shall commence starting from 31 March 2015 via equal quarterly installments.
