Κ4-01-063

Kifissia 05/11/2020

Issuance of a Joint Bond Loan

Company PAPERPACK SA, informs the investing public that the Board of Directors of the Company that met on Thursday, November 5, 2020, decided unanimously in accordance with Law 4548/2018, the Issuance of a Joint Bond Loan amounting to three million thousand (3,000,000) euros , with a duration of five (5) years, and a maximum euribor interest rate of 3 months plus a margin of 2.40%, in accordance with Law 3156/2003 and approved the Draft Joint Loan Coverage Agreement and the Program (Terms) and its Annexes by at least as follows:

a) The type of Loan will be a Common Bond Loan.

b) The amount of the Loan will be three million thousand (3,000,000) Euros.

c) The duration of the loan will be for five (5) years from its issuance.

b) The maximum interest rate of the loan will be set at Euribor for 3 months plus a margin of up to 2.40% per annum.

d) The repayment will be made in 20 quarterly installments, the amounts of which, as well as the amount that will be paid with the last installment at the end of the loan, will be determined by the Board. the company's.

e) Collateral will be provided in favor of the Representative on behalf of the Bond Lenders, consisting of:

(i) establishment of pledge on machines, with a total value of Euro 927,000.00 throughout the term of the loan, (ii) establishment of floating collateral on the company's stocks with a total value equal to Euro 1,000,000.00 throughout the term of the loan as and in (iii) assignment due to the pledge of the company's claims from the insurance contracts of the above machines up to the value of the Pledge Euro 927.000,00 and stocks up to the total value of the Pledge Euro 1,000.000,00. The product of the Bond Loan will be used by the company to refinance the company's existing bank lending and to cover general business purposes.

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