Thursday | August 18, 2022 |
Market Status: OPEN

Market News


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





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.




General Manager

Constantin Sebesanu


Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved