STOCK EXCHANGE RELEASE
Free for publication on May 11, 2012 at 2.30 p.m. (CEST+1)
EUR 20 MILLION CREDIT FACILITY AGREEMENTS FOR EB, ELEKTROBIT CORPORATION
EB, Elektrobit Corporation has signed credit facility agreements with Nordea Bank Finland plc on May 11, 2012. According to the agreements, the current EUR 10 million credit facility agreement, valid until June 30, 2012, has been extended and, in addition, a new EUR 10 million committed revolving credit facility agreement has been signed. These credit facility agreements, intended for general financing purposes, are valid until June 30, 2014, and include financial covenants related to group's equity ratio and earnings before interests and taxes (EBITDA), to be reviewed semiannually.
Oulu, May 11, 2012
EB, Elektrobit Corporation
Jukka Harju
CEO
Further information:
Jukka Harju
CEO
Tel. + 358 40 344 5466
Distribution:
NASDAQ OMX Helsinki
Principal media
EB, Elektrobit Corporation
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. The net sales for the year 2011 totaled MEUR 162.2. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com (http://www.elektrobit.com/)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Elektrobit Oyj via Thomson Reuters ONE
