The subordinated loan of SEK 54 million that in 2010 replaced Proventus’ portion of a previous subordinated loan issued in connection with BRIO’s share issue in 2006 falls due for payment on September 22 of this year. Proventus and BRIO have reached an agreement whereby Proventus on 22 September 2011 will extend the loan to BRIO until 31 December 2013. The loan will continue to carry an annual interest rate of 9 percent, which will be capitalized, however.
For further information, please contact:
Jessica Nyström, Head of Corporate Communications at BRIO, at +46 479 19 000
BRIO AB may be obligated to publicly release this information in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was released at 10.45 am on 10 March 2010.
BRIO is a Swedish company that develops and sells toys, prams, children’s car seats and children’s furniture. The company was formed in 1884 and is today an international Group with the BRIO, Alga, SIMO and Carena brands. The company has about 300 employees, is represented in over 50 countries and has been listed on the O-list of the OMX Nordic Exchange Stockholm since 1985.