A waiver from Nordea Bank was received on expected breaches of loan covenants as of 30 June 2017
Nordea Bank has approved a waiver request from the Finnish subsidiary Endomines Oy relating mainly due to an expected breach on the ebitda-covenant. Finnvera, as guarantor, has given its consent to this waiver. Terms and conditions in the loan agreement remain thereby unchanged. Total bank loans from Nordea amount to 7.3 MEUR or 71 MSEK, of which guaranteed by Finnvera is 3.6 MEUR or 35 MSEK. Loan repayments will begin in 2018. The loan agreement includes a number of ordinary financial loan covenants to be fulfilled by either Endomines Oy or Endomines AB, unless waived by the bank and