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IMPACT DEVELOPER & CONTRACTOR S.A. - IMP

Loan agreement

Release Date: 5/31/2022 6:00:11 PM

IRIS Code: 25AE5

To:       Financial Supervisory Authority - Financial Instruments and Investments Sector

            Bucharest Stock Exchange

            Regulated Market

From: IMPACT DEVELOPER & CONTRACTOR S.A.

31.05.2022

CURRENT REPORT

 

according to the provisions of Law No. 24/2017 on issuers of financial instruments and market operations and Regulation No. 5/2018 of FSA on Issuers of Financial Instruments and Market Operations

 

Important events to be reported:

 

The company informs the shareholders and investors with regard to the signing of a working capital type loan agreement, by Impact Developer & Contractor SA, as borrower, Garanti Bank SA, as creditor, and Bergamot Developments SRL, as mortgage guarantor.

The value of the facility is EUR 4,500,000.

 

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 EUR 8,113,077.

The maturity of the loan is on 30.06.2024.

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.

Through Bergamot Developments, IMPACT developed the Luxuria Residence district in Bucharest. With a total of 630 apartments, Luxuria Residence is the first completed residential complex in the Expozitiei area. The condominium is built to the highest standards of quality and sustainability, being the first residential project in the country certified BREEAM Excellent.

 

 

IMPACT DEVELOPER & CONTRACTOR S.A.

General Manager

Constantin Sebesanu



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