DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Miscellaneous Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 Confirmation from the KfW of loans in the amount of EUR 25 million Berlin, 4 December 2020 - DEAG Deutsche Entertainment Aktiengesellschaft ("DEAG," ISIN: DE000A0Z23G6, stock exchange symbol: LOUD) announced today that it has received confirmation from the state-owned development bank KfW that it will be granted a loan from the KfW Special Programme 2020 of EUR 25 million in two tranches to finance working capital. The loan will be granted through its house banks. The first tranche of EUR 15 million can be called up immediately, the second tranche of up to EUR 10 million can be called up from 30 September 2021 up to a maximum of 12 months after the loan was granted. The loan bears interest at a rate of 2% p.a. The term of both tranches is six years. After the first year of the grace period, the loan is to be repaid on a quarterly basis. The terms and conditions of the loan include the usual terms and conditions. Besides DEAG, DEAG subsidiaries are liable as guarantors. Notifying person: Prof. Peter Schwenkow, Chairman of the Executive Board +++ End of ad hoc announcement +++ Information and Explanation of the Issuer to this News: Investor & Public Relations edicto GmbH Axel Mühlhaus Phone: 0049 69 905505-52 email: deag@edicto.de
04-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | DEAG Deutsche Entertainment Aktiengesellschaft |
Potsdamer Straße 58 | |
10785 Berlin | |
Germany | |
Phone: | +49-30-810 75-0 |
Fax: | +49-30-810 75-519 |
E-mail: | deag@edicto.de |
Internet: | www.deag.de |
ISIN: | DE000A0Z23G6, DE000A2NBF25 |
WKN: | A0Z23G, A2NBF2 |
Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London |
EQS News ID: | 1152871 |
End of Announcement | DGAP News Service |
|
1152871 04-Dec-2020 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.