checkAd

    DGAP-Adhoc  155  0 Kommentare DEAG Deutsche Entertainment Aktiengesellschaft: Confirmation from the KfW of loans in the amount of EUR 25 million

    DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Miscellaneous
    DEAG Deutsche Entertainment Aktiengesellschaft: Confirmation from the KfW of loans in the amount of EUR 25 million

    04-Dec-2020 / 13:00 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

    Confirmation from the KfW of loans in the amount of EUR 25 million

    Berlin, 4 December 2020 - DEAG Deutsche Entertainment Aktiengesellschaft ("DEAG," ISIN: DE000A0Z23G6, stock exchange symbol: LOUD) announced today that it has received confirmation from the state-owned development bank KfW that it will be granted a loan from the KfW Special Programme 2020 of EUR 25 million in two tranches to finance working capital. The loan will be granted through its house banks.

    The first tranche of EUR 15 million can be called up immediately, the second tranche of up to EUR 10 million can be called up from 30 September 2021 up to a maximum of 12 months after the loan was granted. The loan bears interest at a rate of 2% p.a. The term of both tranches is six years. After the first year of the grace period, the loan is to be repaid on a quarterly basis. The terms and conditions of the loan include the usual terms and conditions. Besides DEAG, DEAG subsidiaries are liable as guarantors.

    Notifying person: Prof. Peter Schwenkow, Chairman of the Executive Board

    +++ End of ad hoc announcement +++


    Information and Explanation of the Issuer to this News:

    Investor & Public Relations

    edicto GmbH
    Axel Mühlhaus
    Phone: 0049 69 905505-52
    email: deag@edicto.de
     

    04-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de


    Language: English
    Company: DEAG Deutsche Entertainment Aktiengesellschaft
    Potsdamer Straße 58
    10785 Berlin
    Germany
    Phone: +49-30-810 75-0
    Fax: +49-30-810 75-519
    E-mail: deag@edicto.de
    Internet: www.deag.de
    ISIN: DE000A0Z23G6, DE000A2NBF25
    WKN: A0Z23G, A2NBF2
    Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London
    EQS News ID: 1152871

     
    End of Announcement DGAP News Service

    1152871  04-Dec-2020 CET/CEST

    fncls.ssp?fn=show_t_gif&application_id=1152871&application_name=news&site_id=wallstreet

    EQS Group AG
    0 Follower
    Autor folgen

    Weitere Artikel des Autors


    Verfasst von EQS Group AG
    DGAP-Adhoc DEAG Deutsche Entertainment Aktiengesellschaft: Confirmation from the KfW of loans in the amount of EUR 25 million DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Miscellaneous DEAG Deutsche Entertainment Aktiengesellschaft: Confirmation from the KfW of loans in the amount of EUR 25 million 04-Dec-2020 / 13:00 CET/CEST Disclosure of …