Ionian Hotel Enterprises S.A. announces that on 16.12.2016 it concluded a common mortgage-backed bond loan, in the total amount of up to 134,000,000 Euros, with initial subscription by the National Bank of Greece S.A. and NBG Malta Limited, for purposes of refinancing its existing loan and financing its future investment program.

In the context of the above loan, the company repaid on the same day its existing mortgage-backed common bond loan with Alpha Bank group companies, totaling 67,239,190.63 Euros.