Springs Global Participações S A : informs about the extension achieved in the amortization terms of its loans and financing
May 06, 2023 at 06:31 pm EDT
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Springs Global informs about the extension achieved in the
amortization terms of its loans and financing
São Paulo, May 5th, 2023 - Springs Global Participações S.A. (SGPSA) hereby informs the market that negotiations were concluded with financial institutions, with which the Company and its subsidiaries maintain financing agreements, for the extension of their maturities, obtaining a new average disbursement term of more than 3 years, until March 2030, with disbursements expected for 2023 being reduced by 80%.
Para mais informações, contatar: +55 11 2145 4476 ri@springs.com
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Springs Global Participações SA published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2023 22:30:00 UTC.
Springs Global Participacoes SA is a Brazil-based company engaged in the textile industry. The Company focuses on spinning, weaving, finishing and manufacturing of home textile products, mainly bed and bath textile articles, such as tablecloths, bed sheets, pillowcases, mattress pads, blankets, towels, shower curtains and bath accessories. The Company offers its products under various brand names, including MMartan, Casas Moyses, Artex, Santista, Springmaid, Fantasia, Arco Iris and Wabasso, among others. The Company operates production facilities in Brazil, Argentina and the United States, as well as distributes products in the United States, Canada, Brazil and Argentina. It controls a numed of subsidiaries, such as Springs Global US Inc, Coteminas SA, Ammo Varejo Ltda and American Sportswear Ltda. It is owned by Companhia de Tecidos Norte de Minas COTEMINAS.
SPRINGS GLOBAL PARTICIPAÇÕES S.A. 
