Bergamot Developments acts as as mortgage guarantor.
“Thus, the amount borrowed by the loan agreement signed on 29.11.2021 by Impact Developer & Contractor SA (Borrower), Garanti Bank SA (Creditor) and Bergamot Developments SRL (Mortgage Guarantor) is increased to EUR5,485,506,” the report shows.
The loan matures on December 31, 2026. Bergamot Developments and Impact guarantee the fulfillment of the obligations assumed by the loan agreement by concluding the guarantees specific to this type of financing, as per the report.
Impact, with a market value of RON539 million, is 57.8%-owned by Gheorghe Iaciu, and 12.7% by Andrici Adrian. IMP shares have lost 36.7% so far in 2023, amid deals worth RON10.6 million, as per stock market data.
Impact posted RON63.8 million net profit in the first nine months of 2023, more than four times higher than the net profit of RON15 million in the same period of 2022. At the same time, revenue shrank 32% to RON106.9 million year-on-year, EBITDA rose 165% to RON69 million, EBIT 178% to RON65.8 million and gross profit fell 42% to RON32.8 million.