BITTNET SYSTEMS S.A. (referred to as “the Company” / “The Issuer” / “The Group”) informs investors about the extension of several bank credit products contracted by the companies in the Digital Infrastructure pillar of the Group (Dendrio Solutions SRL, Dendrio Innovations SRL and Dendrio Technology SRL) from Banca Transilvania as follows:
- Dendrio Solutions: Addition of a non-cash ceiling (revolving) product, from 2,000,000 ron to 7,000,000 ron and extension of the period of use by 12 months – until December 2025. The product will be used to establish guarantees for participation in tender procedures and guarantees for commercial contracts signed by Dendrio Solutions
- Dendrio Technology: Extension of the period of use of a non-cash (revolving) ceiling product in amount of 3,000,000 ron for a period of 12 months – until December 2025. The product will be used to establish guarantees for participation in tender procedures and guarantees for commercial contracts signed by Dendrio Technology.
- Dendrio Innovations: Supplementation of a non-cash (revolving) ceiling product from 3,000,000 ron to 7,000,000 ron and extension of the period of use by 12 months – until December 2025. The product will be used to establish guarantees for participation in tender procedures and guarantees for commercial contracts signed by Dendrio Innovations.
- Dendrio Innovations: Resizing the credit line (revolving – overdraft) to the value of 15,000,000 ron and extending the period of use by 12 months – until December 2025. This banking product will be use for financing of significant current and future commercial contracts. The period of use of this ceiling is 12 months from signing with the possibility of extension, and the validity period is 24 months. The product will be used revolving, through successive draws, to ensure the financing component for projects with a longer implementation cycle.