QPR SOFTWARE PLC INSIDE INFORMATION Jan 25, 2023 9:30 am EET
QPR Software Plc has signed a new €1.5 million financing agreement with a major financial bank. The financing agreement replaces and refinances the company’s current loans and provides for its working capital needs to support future growth. The new loan is his three-year loan term and will mature on January 31, 2026.
Pursuant to the loan agreement, the first installment of €500,000 is due by January 31, 2024. Thereafter, in January of each year he is due an installment of €500,000. The company will withdraw his loan in April 2023 and convert it to current interest-bearing debt.
Loan covenants are based on the company’s EBITDA and capital adequacy ratios. His EBITDA for Covenants is tested every six months and his capital adequacy ratio is tested annually depending on the conditions at the end of the year.
The company is very happy with the solution and has secured funding for growth over the next few years.
The company will publish its 2022 preliminary financial statements on Friday, February 10, 2023.
For more information:
QPR Software, Inc.
chief executive officer
Phone +358 50 380 9893
About QPR Software
QPR Software Plc (Nasdaq Helsinki) provides process mining, performance management and enterprise architecture solutions for digital transformation, strategy execution and business process improvement in over 50 countries. QPR software empowers customers with valuable insights for informed decisions that make a difference.