{"id":2805,"date":"2018-11-21T18:05:21","date_gmt":"2018-11-21T16:05:21","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=2805"},"modified":"2019-06-24T10:57:26","modified_gmt":"2019-06-24T07:57:26","slug":"continuous-improvement-of-groups-financing","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/","title":{"rendered":"Continuous improvement of Group\u2019s financing"},"content":{"rendered":"

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the shareholders about the improvement of the Group’s financing structure by contracting a banking credit product, by Dendrio Solutions SRL, from ING Bank NV Amsterdam – Bucharest Branch. The financing product is a revolving-overdraft line with the following coordinates:<\/p>\n

\u2022 Total value of overdraft: RON 2,000,000<\/p>\n

\u2022 Destination of credit: financing the working capital and current activity of Dendrio Solutions SRL<\/p>\n

\u2022 Maturity: 1 year with extention possibility<\/p>\n

\u2022 Interest rate: ROBOR1M+2.9% per year<\/p>\n

The structure of the guarantees for this banking loan: promissory note “in white” without protest issued by Dendrio Solutions SRL and endorsed by Bittnet Systems SA and mortgage on banking accounts opened at ING. Bittnet Systems SA is the Sole Associate of Dendrio Solutions SRL.<\/p>\n

CR27 current report_EN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the shareholders about the improvement of the Group’s financing structure by contracting a banking credit product, by Dendrio Solutions SRL, from ING Bank NV Amsterdam – Bucharest Branch. The financing product is a revolving-overdraft line with the following coordinates: \u2022 Total value of overdraft: RON…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389,398],"tags":[],"class_list":["post-2805","post","type-post","status-publish","format-standard","hentry","category-current-reports","category-latest-news"],"yoast_head":"\nContinuous improvement of Group\u2019s financing - Dendrio - Bittnet Group<\/title>\n<meta name=\"description\" content=\"Continuous improvement of Group\u2019s financing - by contracting a banking credit product, by Dendrio from ING Bank NV Amsterdam - Bucharest Branch.\" \/>\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\/continuous-improvement-of-groups-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Continuous improvement of Group\u2019s financing - Dendrio - Bittnet Group\" \/>\n<meta property=\"og:description\" content=\"Continuous improvement of Group\u2019s financing - by contracting a banking credit product, by Dendrio from ING Bank NV Amsterdam - Bucharest Branch.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/\" \/>\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=\"2018-11-21T16:05:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-24T07:57:26+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\/continuous-improvement-of-groups-financing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Continuous improvement of Group\u2019s financing\",\"datePublished\":\"2018-11-21T16:05:21+00:00\",\"dateModified\":\"2019-06-24T07:57:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\",\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/\",\"name\":\"Continuous improvement of Group\u2019s financing - Dendrio - Bittnet Group\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2018-11-21T16:05:21+00:00\",\"dateModified\":\"2019-06-24T07:57:26+00:00\",\"description\":\"Continuous improvement of Group\u2019s financing - by contracting a banking credit product, by Dendrio from ING Bank NV Amsterdam - Bucharest Branch.\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/continuous-improvement-of-groups-financing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Continuous improvement of Group\u2019s financing\"}]},{\"@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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