OREANDA-NEWS. On 29.12.2014, AS PRFoods (hereinafter PRF) and AS SEB Pank (hereinafter SEB) executed an overdraft facility agreement under which SEB will grant PRF a credit limit of 5 million euro. The final repayment term of the facility is 30.04.2016 and the interest rate is 3 months EURIBOR + 1.7%.

The execution of the overdraft facility agreement serves the purpose of restructuring of the capital structure of PRF. In the course of the transaction of the sale and transfer of the Russian and Baltic ice cream and frozen goods business operations (https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=626802&messageId=777825), the investment loan and overdraft facility of PRF were repaid to SEB in full. As at 30.11.2014, the balance of interest bearing debt of PRF is 750 thousand euro.