EUR 20 MILLION CREDIT FACILITY AGREEMENTS FOR EB, ELEKTROBIT CORPORATION

STOCK EXCHANGE RELEASE Free for publication on May 11, 2012 at 2.30 p.m. (CEST+1) EUR 20 MILLION CREDIT FACILITY AGREEMENTS FOR EB, ELEKTROBIT CORPORATION EB, Elektrobit Corporation has signed credit facility agreements with Nordea Bank Finland plc on May 11, 2012. According to the agreements, the current EUR 10 million credit facility agreement, valid until June 30, 2012, has been extended and, in addition, a new EUR 10 million committed revolving...

STOCK EXCHANGE RELEASE

EUR 20 MILLION CREDIT FACILITY AGREEMENTS FOR EB, ELEKTROBIT CORPORATION

 

EB, Elektrobit Corporation has signed credit facility agreements with Nordea Bank Finland plc on May 11, 2012. According to the agreements, the current EUR 10 million credit facility agreement, valid until June 30, 2012, has been extended and, in addition, a new EUR 10 million committed revolving credit facility agreement has been signed. These credit facility agreements, intended for general financing purposes, are valid until June 30, 2014, and include financial covenants related to group's equity ratio and earnings before interests and taxes (EBITDA), to be reviewed semiannually.

 

Oulu, May 11, 2012

 

EB, Elektrobit Corporation

Jukka Harju

CEO

 

Further information:

 

Jukka Harju

CEO

Tel. + 358 40 344 5466

 

Distribution:

 

NASDAQ OMX Helsinki

Principal media

 

EB, Elektrobit Corporation

 

EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. The net sales for the year 2011 totaled MEUR 162.2. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com

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