A waiver on bank loans was received on expected breaches of loan covenants as of 31 December 2017
The lender has approved a waiver request from Endomines relating to expected breach on loan covenants as of 31 December 2017. The guarantor, Finnvera, has given its consent to this waiver. Terms and conditions in the loan agreement remain thereby unchanged. In the waiver received today the bank and the guarantor have temporarily waived the Company´s testing obligation in respect of Minimum Equity Ratio, Minimum EBITDA and Minimum level of Cash and Cash Equivalents regarding the Accounting Date of 31 December 2017. Total bank loans subject to the waiver amount to 74.1 MSEK (EURSEK at 9.