Refinancing of Loan Facility (1244588)
28 Oktober 2021 - 7:00PM
UK Regulatory
Arricano Real Estate Plc (ARO) Refinancing of Loan Facility
28-Oct-2021 / 18:00 GMT/BST Dissemination of a Regulatory
Announcement that contains inside information according to
REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
28 October 2021
Arricano Real Estate Plc
(together with its subsidiaries "Arricano")
Refinancing of Loan Facility
Arricano (AIM:ARO), a leading retail real estate developer and
operator in Ukraine, is pleased to announce that, today, JSC
Livoberezhzhiainvest, a subsidiary of Arricano, entered into a loan
agreement with JSC Alfa-Bank for a 5 year term loan in an amount of
USUSD18 million.
The proceeds of the loan, the commercial terms of which are
broadly in line with those of the Arricano's existing loans, will
be utilised mainly to repay USUSD11.2 million of an existing loan
with Taskombank JSC and JSC "Universal Bank" as well as to finance
construction of Arricano's new shopping mall Lukianivka, which is
located in Kyiv.
Commenting on the loan, Ganna Chubotina, CEO, said:
"The management of Arricano is very pleased to have secured
further financing for this very promising development in the
Shevchenkivs'kyi district of Kyiv. We are pleased to be partnering
with Alfa-Bank which is one of the leading financial institutions
in Ukraine."
Enquiries:
Arricano Real Estate plc Tel: +357 25 582 535
Ganna Chubotina
Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666
WH Ireland Limited
Chris Fielding
Financial PR: Tel: +44 (0)20 3151 7008
Novella Communications Limited
Tim Robertson/ Fergus Young
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ISIN: CY0102941610
Category Code: MSCM
TIDM: ARO
LEI Code: 213800F8AMPULEKXFX22
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 125509
EQS News ID: 1244588
End of Announcement EQS News Service
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