News
Eyrir Invest secures long-term financing
Eyrir Invest ehf. has negotiated a new long-term loan with Arion bank hf. The loan is initially in ISK for total amount of ISK 2 billion (equivalent to EUR 12.5 million). Secured by listed equities, the loan bears REIBOR + 2.5% interest. The principal of the loan is due in May 2015 with interest payable every 6 months. Half of the principal is extendable to 2016.
Eyrir has also reached agreement with Glitnir hf. today on the extension of a loan of EUR 14 million EUR. This loan is als secured by listed equites and EURIBOR + 3.75% interest, payable every 3 months. The new due date for the principal is in December 2013 instead of September 2012.
The bond series EYRI 11 1, totalling ISK 1 billion, is expected to be listed on NASDAQ OMX Iceland early in 2012.
The above-mentioned new loan, loan extension and listing of bonds are part of Eyrir Invest‘s ongoing debt and cash flow management.
BackNews archive
- 16.04.2012Promens 2011 results
- 12.04.2012Promens divests its French units
- 28.03.2012Horn's 2011 results
- 06.01.2012Promens signs new 5-year Revolving Credit Facility
- 30.12.2011Increased financial strength
- 30.12.2011Eyrir Invest secures long-term financing
- 17.11.2011Horn sells half of its Eyrir Invest stake
- 26.10.2011Acquisition of shares in Stoðir hf. and sale of shares in Reitir hf.