The loan agreement was signed on December 15, 2021 and the type of the facility is investment refinancing, which will be used to refund the loans granted by IMPACT to Bergamot Developments.
Bergamot Developments guarantees the fulfilment of the obligations undertaken under the loan agreement by concluding the guarantees specific to this type of financing.
The amount borrowed shall be reimbursed on a quarterly basis over a 36-month period calculated from the signing of the loan agreement, namely Dec 15, 2021.
Through Bergamot Developments, IMPACT has developed the neighborhood Luxuria Residence in Bucharest. With a total of 630 apartments, Luxuria Residence is the first finalized residential compound in the Expoziției area.
IMPACT has a stock market capitalization of RON1.1 billion and is nearly 60% held by Gheorghe Iaciu, while Andrici Adrian owns 15.92% of the company’s share capital.
IMP shares have been trading up 121.8% since the beginning of 2021, amid deals worth RON70 million, per stock market data.