SFAKIANAKIS S.A.informs investors that the restructuring of Group debt has been formally completed after the signature of the loan agreements with the creditor banks.

 
Specifically, the new favourable terms relate to the following syndicated bond loans: 

• SFAKIANAKISS.A.with current balance € 186.5 mil.
• PANERGON S.Α. with current balance € 34.0 mil.
• EXECUTIVE LEASE S.Α. with current balance € 21.8 mil.

Including the bilateral loans restructured under equivalent terms the agreement covered € 281.9 mil. that is 96% of total debt.

Sfakianakis Group takes advantage of creditor support in order to strengthen its leading position in the car market and complete the reorganization of functions, aiming at profitability as soon as possible.