Termination of loan agreement and premature repayment of the loan
Posted on 22.10.2012
Olympic Entertainment Group AS (OEG) has decided to repay the loan provided by Swedbank AS and therefore OEG and Swedbank AS concluded an agreement today whereby they agreed to prematurely terminate the loan agreement concluded in the year 2008. The contractual repayment date was 25 December 2013. OEG repaid today prematurely to Swedbank AS the complete loan in the amount of EUR 3,885,874.14.
Together with the termination of the loan agreement and the repayment of the loan Swedbank AS released the pledges in the form of financial collateral over the shares of OEG subsidiaries in Estonia, Latvia, Lithuania and Poland and the guarantees issued by OEG subsidiaries in Belarus and Slovakia.