Affecto has signed a new term loan agreement of EUR 18.5 million


Affecto Plc – Stock Exchange Release, 17 June 2016 at 17:15, Helsinki

Affecto has signed a new term loan agreement of EUR 18.5 million

Affecto has entered into a new EUR 18.5 million term loan agreement with OP Corporate Bank plc. The new loan replaces the previous loan of EUR 18.5 million that will expire in the end of June 2016.

The covenants of the loan agreement that are related to net debt to EBITDA and net debt to equity of the Company were improved as compared to the previous loan agreement. Additionally, the pledges that were used to secure the previous term loan will be released.

Affecto will repay the loan in semi-annual instalments of EUR 2 million starting in December 2016.


AFFECTO PLC
Martti Nurminen
CFO


For additional information, please contact:

Martti Nurminen
CFO
+358 40751 7194
martti.nurminen@affecto.com


Sakari Knuutti
Director, Legal & IR
+358 50 5624077
sakari.knuutti@affecto.com