SPARK.NET – Mar 15 – Spark Networks Services (f/k/a Affinitas), wholly-owned subsidiary of Spark Networks SE, entered into a termination agreement to its Loan Agreement. The loan agreement was dated Sep 2016 and was made between Affinitas and certain persons and entities with an interest rate of 8% (Loan type A) and 9% per annum (Loan Type B) in an amount of €5.85M (€1.85M of which is under the Type A Loans and €4M of which is under the Type B Loans). The parties agreed to an early termination fee of €0.3M. In addition, the parties agreed that interest on the loans of ~€40K will be paid in full for the month of March 2018. In connection with the termination of the Loan Agreement, the Company executed a non-binding term sheet with a third-party lender for a new €25M credit facility consisting of a €15M term loan and €10M revolver
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