The loan will replace a facility of the same value and with the same structure taken out from an unspecified bank: EUR9 million in cash and EUR1 million in non-cash. The new loan comes with drawing and repayment periods of 36 months, and the interest on the cash part is three-month EURIBOR plus 2.15% per annum. At the current three-month EURIBOR level of 2.8%, the cost of the loan should amount to some 4.9% per annum.
The shareholders also appointed chief executive Stefan Petre to the Board of Directors until 2030. The main shareholder is CPM Cambridge Holding, 61.9%.
(English version by Loredana Fratila-Cristescu)