|Emitents||Amber Latvijas balzams, AS (097900BGLZ0000056644)|
|Veids||2.2. Iekšējā informācija|
In accordance with the requirements of Sections 7 and 10 of Article 59.1 of the Law on the Financial Instruments Market, the Board of the JSC Amber Latvijas balzams (hereinafter also ‘the Company’) informs that it has provided the security in Lithuania for a maximum amount of secured claims in the amount of 13 million euros. The provided collateral will secure the obligations of a Group company, Amber Beverage Group Holding S.à r.l. (as a borrower), towards JSC Rietumu banka (as a lender), arising from the loan agreement dated 11th April 2023 with a loan amount of 10 million euros and a repayment term on 10th April 2028. The impact of the transaction on the Company’s commercial activities is evaluated positively.
The transaction is also forecasted to have a positive impact on the shareholders of the Company, which are not considered as related parties to the transaction, as the Company will receive additional income in the form of a security fee, determined according to market conditions and transfer pricing principles. The total Company’s income for providing collateral could provisionally reach 185 thousand euros. The Audit committee’s opinion on the transaction has been obtained previously.
JSC Amber Latvijas balzams