The repayment of the Common Bond Loan was successfully completed
Jumbo, the largest retail company of toys, baby products, stationary and other relevant products, announces at its partners-shareholders that the repayment of the Company’s Common Bond Loan (2006, EUR145 million) was successfully completed on May 26th 2014, decreasing the previous long-term loan to zero (0).
During the Extraordinary General Meeting among the company’s shareholders, held on 02.12.2014, the Company’s Administration decided to transfer to the Board of Directors the right to issue Common Bonds for the Company.
On 05.27.2014, the Parental Company together with credit institutions signed a five-year special agreement with a maximum amount of EUR 145 million for possible future use of cash reserves depending on the Company’s needs.