SFAKIANAKIS S.A.
Announcement
SFAKIANAKISS.A.informs the investing public that it reached an agreement with the creditor banks on the terms of the restructuring of Syndicated Loans of total amount € 208,3 mil. Specifically, the restructuring relates to the current balance of the Bond Loan of the Company € 186,5 mil. and the Bond Loan of current balance € 21,8 mil. of the subsidiary EXECUTIVE LEASE S.A. The expiring dates of the loans are extended until 2017.
The achievement of the agreement ensures the financial stability of the Group and strengthens its efforts to successfully meet the challenges of the adverse business environment.