SkyEurope Holding AG (“SkyEurope”) announces that the EUR 15 million loan granted in December 2007 by York Global Finance II S.a r.l. (“York”) to SkyEurope Airlines a.s, becomes due and payable, according to the terms of the loan, on or before 22 November 2008.
The further EUR 10 million bridge loan facility granted in September 2008 by York to SkyEurope Airlines a.s becomes due and payable, according to the terms of the loan, on or before 5 November 2008. This maturity date may be extended at the Lender’s discretion according to the bridge loan agreement.
Repayment of the EUR 15 million loan of December 2007 was guaranteed by SkyEurope Holding AG, which guarantee is secured by the pledge of all shares of SkyEurope Holding AG in SkyEurope Airlines a.s. The granting of this pledge was authorized under item 8 of the agenda of the Annual General Meeting of February 14, 2008.
Further inquiry note:
Branche: Air Transport
Börsen: Wiener Börse AG / official market