Early repayment of vendor loan related to sale of Network Testing
Infovista paid back the vendor loan granted in connection with sale of the former Network Testing Division.
Ascom Holding AG granted in connection with the sale of the former Network Testing Division on 30 September 2016 a subordinated vendor loan with a nominal value of USD 15 million, a 7-year maturity and a stated interest rate of 4% p.a. to Infovista as acquirer of the Division.
The parties agreed upon an early termination of the vendor loan through a payment from Infovista with a total amount of USD 17.1 million.