The company has signed contract for long-term, 10-year loans amounting to EUR 43.7m in order to refinance a part of their existing loans.
Luka Koper published a document stating that they have completed the process of refinancing part of the received long-term loans. The company has signed contract for long-term, 10-year loans amounting to EUR 43.7m. Half of the loan was given by Banko Intesa Sanpaolo, while the other half was provided by SID.
The company states that Banks granted loans under the same conditions, on an unsecured basis, and the contracts contain financial commitments that do not deviate significantly from the financial commitments of the company’s loans already granted.
By refinancing a part of the loans, a part of the company’s loans extends the maturity of the company’s sources of financing and at the same time replaces a part of the sources of financing bearing a variable interest rate with those bearing a fixed interest rate, thus reducing the cost of financing.