The new financing in the amount of HRK 60m will support the Group’s capex program and is in line with its policy to leverage its investments to increase returns while at the same time leaving room for new investments and potential M&A activities in the CEE region in the future.  

Arena Hospitality Group published a document on the Zagreb Stock Exchange stating that they have concluded a new loan agreement with Zagrebačka Banka in the amount of HRK 60m due 2027 at a fixed interest rate of 1.90%.

The company states that the new financing in the amount of HRK 60m will support the Group’s capex program and is in line with its policy to leverage its investments to increase returns while at the same time leaving room for new investments and potential M&A activities in the CEE region in the future.  

Besides that, the Group concluded the refinancing of the outstanding principal under the loan agreement (dated 20 December 2017) into an HRK loan in the amount of HRK 205m and a Euro loan  of EUR 32m. Both loans are for a fixed interest rate at an improved rate compared with the refinanced loan. The HRK denominated loan bears a fixed interest rate of 1.95% and the EUR denominated loan bears a fixed interest rate of 2.3%. Note that the maturity date of the new loans remains aligned with the original date loan agreement and is due 2027.