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Refinancing of Loan Facility

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Arricano Real Estate Plc (ARO)
28-Oct-2021 / 18:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

 28 October 2021 

Arricano Real Estate Plc

 

(together with its subsidiaries "Arricano")

 

Refinancing of Loan Facility

 

Arricano (AIM:ARO), a leading retail real estate developer and operator in Ukraine, is pleased to announce that, today, JSC Livoberezhzhiainvest, a subsidiary of Arricano, entered into a loan agreement with  JSC Alfa-Bank for a 5 year term loan in an amount of US$18 million.

The proceeds of the loan, the commercial terms of which are broadly in line with those of the Arricano's existing loans, will be utilised mainly to repay US$11.2 million of an existing loan with Taskombank JSC and JSC "Universal Bank" as well as to finance construction of Arricano's new shopping mall Lukianivka, which is located in Kyiv.

Commenting on the loan, Ganna Chubotina, CEO, said:

"The management of Arricano is very pleased to have secured further financing for this very promising development in the Shevchenkivs'kyi district of Kyiv. We are pleased to be partnering with Alfa-Bank which is one of the leading financial institutions in Ukraine."

 

 

 

Enquiries:

Arricano Real Estate plc                                Tel: +357 25 582 535

Ganna Chubotina

 

Nominated Adviser and Broker:                 Tel: +44 (0)20 7220 1666

WH Ireland Limited

Chris Fielding

 

Financial PR:                                                Tel: +44 (0)20 3151 7008

Novella Communications Limited

Tim Robertson/ Fergus Young 

 

 


ISIN:

CY0102941610

Category Code:

MSCM

TIDM:

ARO

LEI Code:

213800F8AMPULEKXFX22

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

125509

EQS News ID:

1244588


 

End of Announcement

EQS News Service

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