Loan Amendment Agreement of Indirect Joint Venture
09.07.2019
An agreement has been reached between all relevant parties including Doğan Enerji Yatırımları Sanayi ve Ticaret A.Ş. ("Doğan Enerji"), our direct subsidiary in whose capital we have a share of 100% and Boyabat Elektrik Üretim ve Ticaret A.Ş. ("Boyabat"), the joint venture in whose capital Doğan Enerji holds a share of 33.00%, and the banks on the restructuring of the existing bank loans of Boyabat, and the signatures of the “Loan Amendment Agreement” (“Agreement”) and of the other associated documents have been signed and the material disclosure (“MD”) regarding this matters has been disclosed via Public Disclosure Platform (“PDP”) for the purpose of informing the public.
As explained in the material disclosure dated June 24, 2019; our Company (Doğan Şirketler Grubu Holding A.Ş.) and Doğuş Group have paid the loan interests that have accrued for the existing loans, but not have been paid by Boyabat yet, as the guarantor, on the date of July 08, 2019. The “Closing Conditions” has been completed and the “Loan Amendment Agreement” become effective.
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