The loan matures in 84 months and will be repaid in monthly installments.
The Board of Directors also approved a decision to contract an investment loan (CAPEX 2024) in the amount of maximum EUR200.000, which will be used to finance / refinance the acquisition of laboratory equipment, and an investment loan of maximum RON1.8 million to finance / refinance the acquisition of machines and for upgrades on existing machines. At the same time, TeraPlast Recycling will take out an investment loan of maximum EUR270,000 for the acquisition of two pieces of prestretch equipment.
TeraPlast announced in a stock market report on February 1, 2024 that, following successful negotiations, the agreement for the acquisition of the Wolfgang Freiler Group from the Uhl family in Austria was signed. The transaction value was set at EUR16.53 million, covered from mixed sources (internal and bank financing), with an additional earn-out mechanism based on the EBITDA performance of the Freiler Group in 2024.