UAB Hotrema (the Company) informs that it has entered into financing agreements with AB Artea bankas, which becomes the Company’s primary banking partner.
The total approved financing limits under the new financing agreements amount to approximately EUR 19 million, comprising mainly of credit and factoring facilities. The financing is secured by pledges over the Company’s assets.
The new financing is intended to strengthen the Company's liquidity and support its ongoing operations. The Company remains in compliance with the financial covenants applicable to the bonds.