Épduferr Announces Loan Agreement with OTP

Épduferr Secures Loan for Property Acquisition and Development

Source: Portfolio.hu, May 20, 2022

Épduferr has signed a loan agreement with OTP Bank under the Széchenyi Restart Investment Loan program to finance the acquisition and development of a logistics and storage facility in Dunaújváros.

Loan Details

• Loan Amount: HUF 271 million, with an additional HUF 30.1 million in company equity

• Term: 10 years, with monthly installments starting from April 30, 2024

• State Support: The loan benefits from government interest rate subsidies and administrative cost supportthroughout its duration

Purpose of the Loan

The funding will be used to purchase and develop a 8,000 m² property located at 2400 Dunaújváros, Verebély László Street 26. The ownership transfer and possession of the property will take place after loan disbursement, with a June 30, 2022 deadline as per the agreement with the seller.

Expansion of Metal Trading Operations

Épduferr plans to use the new site as the central hub for its metal trading activities, serving as a logistics and storage base.

Due to the higher-than-expected demand for its metal trading operations, which began in 2021, the company decided to accelerate its originally planned 2023 property acquisition to the first half of 2022.

With the new infrastructure, Épduferr aims to expand its trading activities and establish a nationwide distribution network to better meet market demands.

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