DEAG Deutsche Entertainment Aktiengesellschaft

  • WKN: A0Z23G
  • ISIN: DE000A0Z23G6
  • Land: Deutschland

Nachricht vom 04.12.2020 | 13:00

DEAG Deutsche Entertainment Aktiengesellschaft: Confirmation from the KfW of loans in the amount of EUR 25 million

DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Miscellaneous
DEAG Deutsche Entertainment Aktiengesellschaft: Confirmation from the KfW of loans in the amount of EUR 25 million

04-Dec-2020 / 13:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

Confirmation from the KfW of loans in the amount of EUR 25 million

Berlin, 4 December 2020 - DEAG Deutsche Entertainment Aktiengesellschaft ("DEAG," ISIN: DE000A0Z23G6, stock exchange symbol: LOUD) announced today that it has received confirmation from the state-owned development bank KfW that it will be granted a loan from the KfW Special Programme 2020 of EUR 25 million in two tranches to finance working capital. The loan will be granted through its house banks.

The first tranche of EUR 15 million can be called up immediately, the second tranche of up to EUR 10 million can be called up from 30 September 2021 up to a maximum of 12 months after the loan was granted. The loan bears interest at a rate of 2% p.a. The term of both tranches is six years. After the first year of the grace period, the loan is to be repaid on a quarterly basis. The terms and conditions of the loan include the usual terms and conditions. Besides DEAG, DEAG subsidiaries are liable as guarantors.

Notifying person: Prof. Peter Schwenkow, Chairman of the Executive Board

+++ End of ad hoc announcement +++


Information and Explanation of the Issuer to this News:

Investor & Public Relations

edicto GmbH
Axel Mühlhaus
Phone: 0049 69 905505-52
email:
deag@edicto.de

 

04-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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