Düsseldorf, 15 October 2015 – CLIQ Digital AG (ISIN DE000A0HHJR3, SCN A0HHJR), a leading provider of games, apps, entertainment and software for smartphones, feature phones, tablets and desktops, renewed its financing with Commerzbank AG.
The renewed loan agreement will replace the two existing loans with Commerzbank, which will end in February 2016 with a final bullet payment of EUR 3 million. This bullet payment will be converted into a new loan agreement with an amount of EUR 3 million and an interest rate of 3.3% and includes a monthly redemption of EUR 300k, starting in March 2016 until December 2016.
The contract will be signed in its definitive form not later than December 2015. The new overdraft facility has an overdraft limit of up to EUR 13 million, an interest rate between 2.1% (plus Euribor) and 3.3% (plus Euribor) and a term running until 28 February 2018. The new overdraft facility was signed and came into effect on 30 September 2015.