SingularLogic: Long-term bond Loan refinancing agreement
Athens, June 16th, 2015: SingularLogic, a member of Marfin Investment Group, announces the signing of the agreement for the long-term refinancing of the entirety of the outstanding bond loans, through the issue of two new syndicated bond loans amounting to €56.9m. The lenders syndicate comprises of Eurobank Ergasias, Piraeus Bank and Alpha Bank. The disbursement of the loans will occur until 30th June 2015.
The refinancing agreement is a testament to the trust and support of the Greek banking sector in the Company’s potential for dynamic, autonomous growth as well as the establishment of its leading position in the sector. Moreover, the agreement achieves the reclassification of the equivalent amount of loans from short-term to long-term borrowings in the Company’s financial statements. With this bond loan issue, the Company completes the long-term refinancing of the entirety of its existing loan obligations.