25th Mar 2019 07:00
Edita Food Industries - Negotiating a credit facility and the entering into a term loan agreement between the Company and the International Finance Corporation (the "IFC")
Cairo, 24 March, 2019
Edita Food Industries ("the Company") is currently negotiating a Loan Agreement with the International Finance Corporation (IFC). By virtue of the Loan Agreement the IFC will enable the Company to receive a term loan of a total amount not exceeding USD 35,000,000 for the purpose financing (i) capital expenditures of the Group in Egypt; (ii) the Group's expansion plan in Morocco and other countries; (iii) refinancing of a portion of the Company's existing debts, repayable on installments for a duration of five years (the "Loan").
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Contacts
Ms. Menna Shams El Din
Investor Relations and Business Development Senior DirectorT: +202 3851 6464 | M: +20 100 1542428 | [email protected]
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