REPLY TO REQUEST BY THE HELLENIC CAPITAL MARKET COMMISSION
ANNOUNCEMENT
REPLY TO REQUEST BY THE HELLENIC CAPITAL MARKET COMMISSION
Pursuant to respective request by the Hellenic Capital Market Commission in relation to publications on the internet press, Attica Holdings S.A. informs its shareholders and the investment community that the Group is currently leveraging its strong financial position (Group's Loans Euro 290mln / Vessels' values Euro 628mln) in order to achieve long term restructuring of its debt and to attract strategic partners, in order to fund in the best possible way the implementation of its business plan, as well as, to reinforce its leading position with respect to the impending overall passenger shipping sector restructuring process initiated by Piraeus Bank.
Within the above context, the Group is in advanced discussions/negotiations with its lending banks, as well as, with Fortress Credit Corp. These discussions, on the one hand have not yet been concluded, while, on the other hand any potential agreement is subject to the approval of the Group's lending banks. The above mentioned discussions involve, among other proposed corporate actions, assessment for the issuance of a convertible bond, the amount of which, the time of issuance and generally the timeframe for the finalization of any potential agreement cannot yet be determined.
Attica Holdings S.A. will make relevant announcements, as needed in accordance with current legislation.
Athens, 15th April, 2014