Billboard has signed a loan deal of up to BGN 2.8 million with Bulgarian Development Bank (BDB). The company plans to use the proceeds of the loan to finance the acquisition of printing equipment as well as industrial and office properties from Bulgarian company Digital Print located in the city of Varna. Billboard also intends to use part of the proceeds to refinance a loan extended by Eurobank in July 2017. The interest rate on the BDB loan is set at three-month EURIBOR plus 3 percentage points per annum but no less than a total of 4.5%. The loan will mature in 120 months. Billboard has also signed an agreement for a BGN 960,000 24-month credit line with BDB for the payment of local tax, notary fees and value added tax related to the purchase of the office properties. The credit line carries an interest rate of three-month EURIBOR plus 3 percentage points per annum but no less than a total of 4.5%.