Altec has signed today the issuance of a euro 62 mln non-convertible bond loan. Co-organizers are National Bank of Greece and EFG Finance and participants include many Greek leading banks. In more detail, the syndicated banks are National Bank, EFG Eurobank, Piraeus Bank, ATE Bank, General Bank, Emporiki Bank and Attica Bank.
The length of the bond loan is 6 years and will be repaid in semiannual installments.
The bond loan was issued for the refinancing of the current bond loan and the short term bank debt of the company. The loan targets the enhancement of Altec's capital structure and the successful accomplishment of development efforts and business plans.