Delta Technologies signs for HUF 1 bln credit line with OTP
Photo by Jessica Fejos
Listed company Delta Technologies, formerly called EST MEDIA, said on Tuesday that it and its two units Delta Systems and Delta Software Technologies has signed a contract for a HUF 1bn credit line with OTP Bank, according to a report by state news wire MTI.
Fresh funding amounts to HUF 750 million of the total credit line as it includes a HUF 250 mln guarantee credit contract, announced on September 14, the company said.
The credit line is open until June 30, 2022.
Delta Technologies said it intends to use the money to finance big-value projects.
The company statement noted that the credit exceeds 25% of the issuer's net assets as of June 30, 2020.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.