Resolution on refinancing of Podravka d.d. by borrowing EUR 100,000,000.00

Podravka Management Board reached a Resolution on refinancing of Podravka d.d. by borrowing EUR 100,000,000.00, and the Supervisory Board approved this Resolution at today's session.

Pursuant to the provisions of the Capital Market Law and the Rules of the Zagreb Stock Exchange, we hereby inform you Podravka Management Board reached a Resolution on refinancing of Podravka d.d. by borrowing EUR 100,000,000.00, and the Supervisory Board approved this Resolution at today's session.

According to this Resolution, this is a long-term syndicated loan to PODRAVKA d.d. as the user, amounting to 100,000,000.00 EUR - based on a contract with the following creditors:

  • Erste Group Bank AG,
  • Erste & Steiermarkische bank d.d.
  • Zagrebačka banka d.d.
  • Privredna banka Zagreb d.d.
  • Societe General - Splitska banka d.d.
  • Raiffeisenbank Austira d.d.
  • Hrvatska poštanska banka d.d.

The stated loan is intended for refinancing of short-term current liabilities of PODRAVKA d.d. and with 5-year repayment period.

At the same session Podravka d.d. Supervisory Board accepted Podravka Group Business Plan for 2011.