Skip to main content

Novaturas Group Secures Additional EUR 1 Million Loan

Written by Customer Service on . Posted in Public Companies.

Tour operator Novaturas Group announces a decision by its Board of Directors to expand the loan agreement with its strategic investor from Turkey, Neset Kockar. The company has agreed with the investor to receive an additional EUR 1 million loan and to extend the maturity of the existing short-term EUR 1 million loan. This capital reinforcement will enable Novaturas to further strengthen its financial capacity necessary for achieving the operational goals.

Novaturas first announced the loan from the Turkish investor in March this year. At that time, the company disclosed that it had signed an agreement with Mr. Kockar for a short-term loan of up to EUR 1 million, to be repaid by 30 June 2025, with an annual interest rate of 8.5%. Following the amendments to the agreement, the loan maturity is extended to 30 June 2026. In addition, the company will receive a further EUR 1 million loan under the same conditions: an annual interest rate of 8.5% and a maturity date at the end of June 2026.

This new agreement reflects the growing cooperation between Novaturas and its strategic investor, as well as the benefits such partnership provides.

About the company

The Novaturas Group is a tour operator offering the widest range of travel destinations from the Baltic States. It has been operating in the region for 25 years. The company offers summer and winter recreational, sightseeing, exotic, skiing, workation and group trips to many destinations worldwide. According to unaudited data, in 2024, Novaturas Group recorded revenues of EUR 201 mln. and served 239 thsnd. passengers in Lithuania, Latvia and Estonia.

For more information:
Darius Undzėnas
CFO
+370 678 05749

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.