BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company” / “Issuer”) informs the investors that an agreement has been reached with the Computer Learning Center (“CLC”) and ISEC Associates (“ISEC”) creditors for the debt restructuring of the two companies that recently joined Bittnet group.
Through the 2 payment agreements, CLC and ISEC undertook to immediately pay 35% of the total amounts due in exchange for debt settlement, thus strengthening their financial position. In this sense, Bittnet granted a loan in the amount of RON 560,000 to CLC, respectively RON 370,000 for ISEC, funds with which the transfers were made, according to the agreements.
The loans granted by Bittnet were signed under the same conditions as those granted in the past to Dendrio Solutions, interest 9% per year and maturity of 3 years and are granted according with EGMS Decisions no. 5 and no. 7 from 07.09.2021.