“The loan is subordinate and has a maturity until 2028, an interest of 10% and the Company has the possibility of converting the debt into shares, as part of a possible capital increase operation. The loan was granted to the Company in order to support its current needs and to ensure the working capital in the following period,” Holde Agri Invest officials said in the report.
The company had previously announced a RON5 million loan from SevenX in January.
(English version by Loredana Fratila-Cristescu)