The Board of the JSC Amber Latvijas balzams (hereinafter – the Company) informs that the collaterals provided to a Group company, Amber Beverage Group Holding S.à r.l., for the overdraft from AS Luminor banka and for the loan facility from UBS AG (as successor of Credit Suisse AG), has been extended to 30 June 2026.
The total amount of the secured overdraft from AS Luminor banka is 18,1 million euros and the total amount of the existing loan from UBS AG is 16.3 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.