January 24 (SeeNews) - Bulgaria's Sopharma Properties REIT [BUL:6S6] has signed an annex to a loan deal with local DSK Bank to decrease the volume of the installments it pays monthly, the company said.
Under the annex, the monthly installments for the repayment of the principal of the loan are reduced, while the deadline for repayment of the loan, as well as all other clauses of the contract, remain unchanged, Sopharma Properties said in a filing with the Bulgarian Stock Exchange on Wednesday.
The stock exchange admitted to trading in October 849,979 shares in Sopharma Properties issued for the purpose of raising funds for the early repayment of a part of a loan extended by DSK Bank.
Sopharma Properties, a unit of drugmaker Sopharma [BUL:3JR], signed the 22.6 million euro ($25.7 million) loan deal with DSK Bank in 2008. The loan was then refinanced in 2011 and 2014.
($ = 0.880045 euro)
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