IRRAS Secures Extended Short-Term Loan Agreement
Stockholm, Sweden (September 15, 2023) – IRRAS AB (publ) (“IRRAS” or the “Company”) today announced an extension of its short-term financing agreement with Bacara Holdings, its second largest shareholder, which is led by Marios Fotiadis, the company’s Chairman of the Board of Directors. The total loan facility has been increased from SEK 60 million to SEK 80 million with the added amount paid immediately in a tranche of SEK 20 million and will continue to carry an interest rate in the amount of 6.00% on an annual basis. Under this extension, the total loan facility will now fall due on