BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about the extending of the credit ceiling – contract no. 15 from 17.02.2016 with Patria Bank S.A. The ceiling remains dimensioned at value of RON 2.000.000.
The guarantees for this contract extention remain:
- Assignments of the accounts receivables from certain customers;
- personal guarantee from the Administrator, Mihai Logofatu
The Credit ceiling has a maturity of 12 months with possible renewal and will be continue to be used for financing short term projects with non-cancellable purchase order from customers.