The loan is due on 30 June 2025 and carries a fixed interest rate of 0.9% p.a.

Arena Hospitality Group announced that they entered into a new long-term working capital financing loan agreement with Zagrebačka banka in a total amount of HRK 150m, within HBOR’s Covid-19 Measures Programme for the portfolio insurance of liquidity loans for exporters. The company states that this additional facility further improves the Group’s current strong cash position of HRK 503m as of 31 August 2021.

Cooperation of HBOR and Zagrebačka banka within the said program provides loans at favorable conditions and the Group’s Management Board found it prudent to take advantage of these conditions as the Group recovers from the impact of the COVID-19 pandemic. The loan is due on 30 June 2025 and carries a fixed interest rate of 0.9% p.a. As a reminder, as of 6M 2021, the Group’s net debt stands at HRK 1.1bn.