The Board of the JSC Amber Latvijas balzams (hereinafter – the Company) informs that the collateral provided to a Group company, Amber Beverage Group Holding S.à r.l., for the loan facility from UBS AG (as successor of Credit Suisse AG), has been extended to 30 June 2025.
The total amount of the secured loan is 19.1 million euros. The effect of the transaction is assessed positively on the Company’s commercial activity. The transaction is also forecasted to have a positive impact on the shareholders of the Company, which are not considered related parties to the transaction, as the Company will receive additional income. A positive opinion from the Audit committee for the transaction is obtained.
JSC Amber Latvijas balzams
Chairman of the Board
Andrejs Višņausks