Enedo has agreed to extend the loan periods of the EUR 5.0 million loan and the EUR 1.95 million shareholder loan. Enedo has previously signed EUR 5.0 million loan agreement in December 2021 and EUR 1.95 million shareholder loan in May 2022. Enedo has agreed to extend the loan periods of the above-mentioned loans so that the new maturity date of the EUR 5.0 million loan is September 30, 2023, and the new maturity date of the EUR 1.95 million shareholder loan is October 31, 2022.

Enedo is currently evaluating options to either extend the payment period of the shareholder loan further or alternatively to pay off the shareholder loan by 31 October 2022.