Bond Loan Agreement

The management of the company EKTER S.A. informs the investor community that on November 9, 2020, it established, pursuant to the provisions of Law 4548/2018, a Scheme for the issuance and disposal, by private placement, of a paper common bond loan with a duration of six years, for the amount of two million five hundred thousand euro (€2,500,000). The amount will be subscribed by “PIRAEUS BANK S.A.”, who also assumed the duties of representative. 

The purpose of the loan is to refinance the existing short term loans of the company. The principal of the loan will be repaid in ten (10) equal semi-annual installments amounting to €250,000 each and the first one will become payable on 30-06-2021, with a 360 day Euribor interest rate, plus 3.75% annual margin. The bond loan will be secured with a prenotation of mortgage on a property of the issuer, for an amount of three million five hundred thousand euro (€3,500,000) in favor of Piraeus Bank, converting a relevant existing prenotation, in order to secure the refinanced short term loans.