2010 OKD loan agreement
On 18 May 2010, NWR NV, in its capacity as the sole shareholder of OKD, resolved to make a
distribution from the 2009 profit, retained earnings and other distributable reserves in the
aggregate amount of CZK 12.8 billion. As OKD did not have sufficient funds to cover the
distribution, NWR NV agreed to lend this amount to OKD on the basis of a loan agreement dated
12 July 2010. The loan agreement currently consists of four tranches: Tranche 1 consists of a
EUR 226.8 million facility due on 14 February 2018; Tranche 2 consists of a CZK 1,732 million
facility to be repaid in instalments by 15 February 2016; Tranche 3 consists of a EUR 208 million
facility to be repaid in instalments by 15 February 2016; and Tranche 4 consists of a EUR 120
million facility to be repaid in instalments by 14 February 2020.
viz.: www.newworldresources.eu/en/investors/reports/annu ...
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