"Mintra is pleased to announce that it has agreed with its primary bank ; Nordea Bank Adp, filal I norge (Nordea), on an extension of its senior loan facilities which will now run through to June 2023. The extension to the senior facility is on substantially the same terms and conditions as the note outlined in the Admission Document for trading on the Euronext Growth platform (formerly known as Merkur Market) dated 02 October 2020. Nordea has agreed to provide an overdraft facility of NOK 38 million for the life of the loan and to waive the requirement for a partial repayment triggered by the Merkur listing. The Nordea loan facility is for an amount of NOK 115 million and costs of approximately NOK 0.5 million for bank fees as well as legal documentation will be reflected in the fourth quarter company results.
"We are very pleased to continue our strong relationship with Nordea. They have supported the company through the past six years and we look forward to working closely with Nordea as we continue to grow the company in the years to come."
said Mintra CEO Scott Kerr.
For additional information please contact:
CFO Ian Mackie firstname.lastname@example.org
CEO Scott Kerr email@example.com
Mintra provides free ECDIS training to City University of Applied Sciences Bremen students