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.
Madis Jääger CEO Olympic Entertainment Group AS Tel + 372 667 1250 E-mail madis.jaager@oc.eu http://www.olympic-casino.com
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.
Madis Jääger CEO Olympic Entertainment Group AS Tel + 372 667 1250 E-mail madis.jaager@oc.eu http://www.olympic-casino.com
© 2012 GlobeNewswire
