Brief: Marfin Investment Group Announces Completion Of Restructuring Of Its Entire Banking Debt

MIG Holdings SA

14/05/2021 14:40

May 14 (Reuters) - Marfin Investment Group Holdings SA
 MRFr.AT :
    * ANNOUNCES COMPLETION OF RESTRUCTURING OF ITS ENTIRE
BANKING DEBT
    * PERIOD OF REPAYMENT OF ENTIRE DEBT HAS BEEN EXTENDED BY 3
YEARS
    * AVERAGE NOMINAL INTEREST RATE WILL AMOUNT TO 1.5% AGAINST
4.62%
IN 2020
    * IN CONTEXT OF IMPLEMENTATION OF RESTRUCTURING AGREEMENT
THE
ISSUANCE OF NEW COMMON BOND LOAN AMOUNTING INITIALLY TO EUR
281.0 MILLION HAS BEEN AGREED
    * IN SECURITY OF THE LENDER’S CLAIMS A PLEDGE OF 1ST AND 2ND
RANKS
IS BEING ESTABLISHED OVER THE SHARES OWNED BY MIG ISSUED BY ITS
SUBSIDIARY ATTICA HOLDINGS

Source text: https://bit.ly/3bqLX24
    
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