HanseYachts has secured a financing volume of 17.3 million euros through various loans, with which the East Germans want to overcome the consequences of the corona pandemic. 1.5 million euros of this come from the majority shareholder Aurelius, and another 2.6 million euros from local banks in France and Poland, with which the business of the respective HanseYachts subsidiaries in both countries is to be financed.
The lion’s share of 13 million euros is made up of a loan, 90 percent of which is secured by a guarantee from the state of Mecklenburg-Western Pomerania. The loan should serve to stabilize the operational business of the company and the group, so HanseYachts. The boat building company from Greifswald must meet conditions for the loan and the guarantee – this includes, among other things, the non-distribution of profits over the term of the loan agreements and the suspension of repayments of shareholder loans. According to company information on Wednesday, the loan was granted at market conditions and for a term of up to 72 months.
“The company’s management board continues to evaluate the situation and the development of the COVID-19 pandemic on an ongoing basis. He has already initiated various additional measures to stabilize business operations. These include the introduction of short-time working in Germany and Poland in all departments and production lines that are affected by the consequences of the pandemic, ”said HanseYachts.
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