Brief: Holding Company ADMIE IPTO Says Affiliate ADMIE (IPTO) Group Signs A EUR 400.0 Million Syndicated Bond Loan

Holding Admie Ipto SA

25/09/2020 07:53

Sept 25 (Reuters) - Holding Company ADMIE IPTO SA  ADMr.AT :
    * AFFILIATE ADMIE (IPTO) GROUP SIGNS A EUR 400.0 MILLION
SYNDICATED BOND LOAN WITH CREDITOR BANKS NATIONAL BANK OF
GREECE, PIRAEUS BANK, BANK OF CHINA AND ALPHA BANK
    * MATURITY OF SYNDICATED LOAN IS SIX YEARS AND INTEREST RATE
IS
SET AT 2.1% FOR THE FIRST THREE YEARS AND AT 2% FOR THE NEXT
THREE YEARS
    * AMOUNT OF EUR 310.0 MILLION TO BE USED FOR REFINANCING
EXISTING
LOAN OBLIGATIONS OF AFFILIATE COMPANY
    * AMOUNT OF EUR 90.0 MILLION WHICH CONCERNS A NEW FACILITY
TO MEET
THE NEEDS OF THE AFFILIATE COMPANY IN WORKING CAPITAL
    * BOND ISSUE IS SCHEDULED FOR SEPT 28

Source text: https://bit.ly/3i2MeIM
    
Further company coverage:  ADMr.AT 

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