News in 2014

31:Oct

Granting of credit lines for the working capital

With regards to the recent negotiations with the financial institutions of the syndicated loan of Natra SA aimed at obtaining approval to formalize with two international entities a credit line to finance the working capital, since the last of the nine financial institutions required to ratify the agreement did not approve this new financing, six entities of the syndicated loan that had already given their green light to the transaction confirmed their support to the company by formalizing today credit lines amounting to 12.5 million euros. The recipients of these funds will be Natra Chocolate International SL and Natra Cacao SL, operational and commercial companies of both the consumer and the industrial divisions of the Natra Group, respectively.

30:Sep

Starting of refinancing process

As agreed with the financial institutions of its syndicated loan and reported in the Relevant Fact dated August 29, Natra starts a financial restructuring process in parallel with the progress of the financing of its working capital.

15:Sep

Update on the financing of the working capital

As part of the negotiations between Natra SA and its financial institutions for the approval of the new financing of the working capital, the company did not attend the last two installments of interest of the syndicated loan, amounting to 1.4 million euros. Upon accomplishment of the financing transaction, and as agreed with the financial institutions, all obligations foreseen in Natra’s syndicated loan will be attended.

31:Aug

1st half 2014 results

Despite retaining aggregated volumes and selling prices, the increase of procurement costs and the starting up of the factory in Canada at the back of the strong deterioration of the operating result.