MILKILAND (MLK): The indebtedness of Milkiland N.V. under the Loan Facility agreement with the Syndicate of international banks was partly assigned to a New Lender - raport 2

Raport bieżący nr 2/2019

Podstawa Prawna:
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieї№ce i okresowe

The Board of Directors of Milkiland N.V. (hereinafter, the "Company") hereby informs that the Assignment agreement between Raiffeisen Bank International and Milkiland N.V., as “the Agent” and “the Borrower”, respectively, and UniCredit Sp.A., as the “Existing Lender”, and Swestal Holding ltd., as the “New Lender”, was signed on 13 March 2019 and came into force on 19 March 2019.

According to the Assignment agreement, the Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Loan Facility Agreement with the syndicate of international banks, namely UniCredit Bank Austria AG and ZAO Raiffeisenbank (hereinafter “the Syndicate”, “the Facility agreement”) dated 16 December 2011.

The New Lender also undertakes the Existing Lender Commitment comprising as of the date of Assignment agreement USD 29,290,000 of principal under tranche A and all of the Existing Lenders rights, interest and liabilities under the Facility agreement and the related Finance Documents under this agreement.

The total sum of the Company’s principle indebtedness under the Facility agreement, as of 31 December 2018, stood at USD 58.58 million (c. EUR 51.16 million), full sum is overdue.