BITTNET SYSTEMS S.A. (referred to as the “Company” / “Issuer” / “Group”) informs investors about the extension of the maturity of a credit line contracted by Dendrio Technology (part of the Digital Infrastructure pillar) from BRD-Groupe Societe Generale.
The ceiling was extended for a period of 12 months and at the same time resized from the maximum value of RON 10 million, to RON 8 million. The credit line can be used both for non-cash bank letters of guarantee, and for finance the working capital and current activity as well as for financing current and future projects carried out by Dendrio Technology.
The usage period is 12 months with the possibility of extension and the interest rate remained unchanged: ROBOR3M +1.5% per year, calculated on the actual balance used.