(Alliance News) - Tecma Solutions Spa announced that it has signed a loan agreement with Intesa Sanpaolo Spa in the amount of EUR2.5 million, with a term of six years and an initial grace period of 18 months.

The loan agreement, in line with the best market conditions, does not include covenants or guarantees other than the benefit of the guarantee from the InvestEU Fund.

Specifically, the transaction is aimed at supporting R&D activities related to the software platform that offers integrated cloud solutions for the management of real estate transactions for sale and rent, both in the residential and commercial segments.

In addition, the financing agreement, will, more generally, help pursue the growth path already undertaken by the Company, as well as further consolidate its liquidity profile.

Tecma Solutions closed Friday's session in the green by 0.8 percent at EUR6.15 per share.

By Maurizio Carta, Alliance News reporter

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