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This type of loan arrangements will be taken upon the new birth from for each ship or motorboat. Regarding the 3rd one-fourth away from 2020, theGroup acquired a cards business for 20.0 million Swiss Francs (“CHF”), where 85% are guaranteed by Swiss authorities, owed December 2024, denominated inside CHF with semi-yearly payments beginning in 2021. Within the 2021, the group amendedthe borrowing from the bank studio, which extended the fresh deadline so you can 2027 and shorter the quantity of each semi-yearly payment while it began with the first quarter away from 2022. Active April 1, 2023, the speed on the borrowing from the bank studio improved by step one.5%. The new creditfacility contains regular standards in addition to, instead of restriction, covenants limiting indebtedness.

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