FilingReader Intelligence

Black Sea Property faces liquidity crisis over €2m loan

July 31, 2025 at 02:00 PM UTCBy FilingReader AI

Black Sea Property's new €2m Penchev 2 loan will be disbursed in up to five tranches starting August 2025, with the lender able to cancel tranches without cause.

The revised structure means Black Sea Property lacks funds to repay a NOK 5.3m shareholder loan due July 2025, automatically extending it to November 2026. No funds are available for operating purposes.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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