Clabo Signs EUR 10 Million Loan Agreement With Cherry Bank
Bitget2026/10/28 09:31- Clabo signed a six-year, EUR 10 million loan agreement with Cherry Bank on October 28, 2026, for subsidiary Clabo Tech.
- The financing supports the 2026-2030 business plan; Cherry Bank is also providing up to EUR 3.7 million in short-term credit lines.
- Disbursement requires final court approval of the debt restructuring and completion of the operating-business transfer, both expected in early 2027.
- Collateral comprises Clabo Tech shares and Clabo trademarks; voting rights remain with the parent.
- The financing completes a restructuring reducing overall debt from about EUR 65 million to EUR 23.9 million, with repayments through June 2035.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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