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ESTO Expands Credit Facility with Multitude Bank to EUR 25 Million and Extends Maturity to 2028
Mikk Metsa , Founder and CEO of ESTO, commented:
"Our strengthened partnership with Multitude Bank marks a significant milestone in ESTO's growth trajectory. As our largest creditor and strategic partner, Multitude Bank's continued support throughout our four-year partnership reaffirms their confidence in our business model and long-term vision. This cooperation not only enhances our financial flexibility but also boosts the foundation for value creation for all stakeholders. We look forward to building on this collaboration as we expand our presence in ESTO's core markets."
"We are pleased to have successfully completed this refinancing, which reinforces our confidence in ESTO's business model and long-term potential. This transaction allows us to continue supporting ESTO on its growth journey and further strengthen our partnership," said Alain Nydegger , CEO of Wholesale Banking, Multitude.
The facility remains secured and available to support loan portfolio growth on ESTO's markets, strengthening the balance sheet position and providing headroom for expansion. ESTO Holdings has been advised by Eversheds Sutherland acted as the legal advisor, and VLG Advisors, which served as the financial advisor.
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