The borrowed amount shall be reimbursed quarterly, with final maturity On October 5, 2024.
”Impact Developer & Contractor SA guarantees the fulfillment of the obligations undertaken by the credit agreement by concluding the specific guarantees of this type of financing, among which: (i) a real estate mortgage agreement having as its object ten (10) Apartments and ten (10) Parking Lots located in Greenfield and seventeen (17) villas located in Constanta; (ii) a movable mortgage agreement having as its object the receivables resulting from insurance and sale pre-agreements/agreements having as their object the previously mentioned properties; and (iii) movable mortgage agreement having as its object the accounts of Impact Developer & Contractor SA opened with Libra Internet Bank SA”, the company said in a stock market report.
Impact, with a stock market capitalization of RON1.1 billion, is almost 60% owned by Gheorghe Iaciu and 15.9% held by Adrian Andrici.
IMP shares have been trading up 102.7% since the beginning of 2021, amid deals worth RON48.6 million, per stock market data.
In January-June 2021, the company reported a consolidated net loss of RON2.8 million, compared with a consolidated net profit of RON8.7 million in the first half of 2020, and revenues from property sales neared RON69 million, up 5% on the year, per data from the company’s half-year financial report.