{"id":14270,"date":"2021-11-10T18:06:03","date_gmt":"2021-11-10T16:06:03","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=14270"},"modified":"2021-11-10T14:08:18","modified_gmt":"2021-11-10T12:08:18","slug":"extend-the-noncash-ceiling-dendrio-solutions","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/","title":{"rendered":"Extend the noncash ceiling \u2013 Dendrio Solutions"},"content":{"rendered":"<section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cCompany\u201d \/ \u201cIssuer\u201d) informs the investors about the extension of the credit agreement between Dendrio Solutions and Banca Transilvania (contracted in December 2018) for issuing bank guarantee letters, also supplementing the maximum limit up to RON 2,300,000 under the following conditions:<\/p>\n<ul>\n<li>Product type: corporate credit line<\/li>\n<li>Maturity: 24 months with the possibility of extension<\/li>\n<li>Destination ceiling: issuance of all types of bank guarantees in RON (letters of bank guarantee for contracts, guarantee for participation in bidding procedures, guarantee payment of suppliers, etc.)<\/li>\n<li>Interest rate: ROBOR6M+5.6% per year<\/li>\n<\/ul>\n<p>Guarantees: mortgage on Dendrio Solutions bank accounts at Banca Transilvania and sole shareholder guarantee Bittnet Systems SA.<\/p>\n<p>Dendrio Solutions will use this banking product to not immobilize its own cash for the purpose of issuing letters of guarantee, and to unlock cash from guarantee instruments that have required this in the past. Bittnet Systems is the sole shareholder of Dendrio Solutions.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2021\/11\/CR67-current-report-engl-2021.pdf\">Current Report nr. 67\/2021<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cCompany\u201d \/ \u201cIssuer\u201d) informs the investors about the extension of the credit agreement between Dendrio Solutions and Banca Transilvania (contracted in December 2018) for issuing bank guarantee letters, also supplementing the maximum limit up to RON 2,300,000 under the following conditions: Product type: corporate credit line Maturity: 24...","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389],"tags":[],"class_list":["post-14270","post","type-post","status-publish","format-standard","hentry","category-current-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Extend the noncash ceiling \u2013 Dendrio Solutions - Bittnet Investors Relations Site<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Extend the noncash ceiling \u2013 Dendrio Solutions - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Bittnet Investors Relations Site\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BittnetSystems\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-10T16:06:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-10T12:08:18+00:00\" \/>\n<meta name=\"author\" content=\"Lucian Bratu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NA\" \/>\n<meta name=\"twitter:site\" content=\"@NA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucian Bratu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Extend the noncash ceiling \u2013 Dendrio Solutions\",\"datePublished\":\"2021-11-10T16:06:03+00:00\",\"dateModified\":\"2021-11-10T12:08:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/\"},\"wordCount\":176,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/\",\"name\":\"Extend the noncash ceiling \u2013 Dendrio Solutions - Bittnet Investors Relations Site\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2021-11-10T16:06:03+00:00\",\"dateModified\":\"2021-11-10T12:08:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/extend-the-noncash-ceiling-dendrio-solutions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Extend the noncash ceiling \u2013 Dendrio Solutions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"name\":\"Bittnet Investors Relations Site\",\"description\":\"Your Value. 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