Refinancing of Group Loans

SFAKIANAKIS S.A. informs the investing public that an agreement with the creditor banks has been signed certifying the following:

 

  • The key creditor banks (ALPHA Bank, EUROBANK, Piraeus Bank and National Bank) are in negotiations with the company and the main shareholder for the refinancing of the existing syndicated loans expiring on 31.08.2017 of the Sfakianakis Group as well as their bilateral financing.
  • In this context, it is evaluated the conclusion of a new syndicated secured bond loan, which will be refinance the aforementioned debts
  • The indicative timetable for the transaction stipulates that the basic terms of the loan, which are subject to the necessary approvals by the relevant councils of the banks, are expected to be finalized by 30.09.2017 and that the issue of the new loan by the company will be realized by 29.12.2017.
  • All banks are positively considering extending company's existing loans till 29.12.2017.

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