(Finance) – ReevoPMI Innovative Italian provider of Cloud & Cyber Security services, announces that today it has been signed and provided from Banco BPM a medium-term loan of 4 million euros.
The main terms of the loan agreement include the repayment in 5 years in addition to a 6-month pre-amortization period, at a variable rate in line with market standards and with cap.
The loan, together with the cash (amounting to € 14.3 million at 31 December 2021), will allow the Reevo Group to have adequate financial resources to accelerate its growth strategy internally and externally, and be able to seize the opportunities that will arise on the domestic and international market, as well as, more generally, to support the Group’s investment plan.