Press Release Refinancing EN

Press Release Refinancing EN

The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. REFINANCING OF INDEBTEDNESS OF VIOHALCO’S GREEK SUBSIDIARIES Brussels, Belgium, 30 December 2013 As previously communicated in the context of the listing of Viohalco SA/ NV on Euronext Brussels, Viohalco SA/NV announces today that approximately 78% of the outstanding debt of the Viohalco group’s Greek companies have been refinanced through the issuance of new syndicated collateralised long-terms bond loans for an aggregated amount of EUR 727,543,000. The loans have a five-year maturity with an option of two-year extension and have been entered into with the four major Greek banks, National Bank of Greece S.A., Alpha Bank S.A., Eurobank Ergasias S.A. and Pireaus Bank S.A. as co-arrangers. Such financing relates to loans entered into by: • Sidenor Steel Products Manufacturing Company S.A.’s steel subsidiaries (Sidenor Steel Industry S.A., Corinth Pipeworks S.A. and Sovel S.A.) for an amount of EUR 298,463,000; • Halcor Metal Works S.A. and its subsidiaries for an amount of EUR 270,124,000; and • Elval Hellenic Aluminium Industry S.A. and its subsidiaries for an amount of EUR 158,956,000. Viohalco SA/NV is the parent company of the Viohalco group and holds participations in approximately 90 companies, seven of which are listed on the Athens stock exchange. With production facilities in Greece, Bulgaria, Romania, FYROM and the United Kingdom, where almost 8,000 personnel is employed, the group’s subsidiaries specialise in the manufacture of steel, copper and aluminium products, generating an annual turnover of more than EUR 3 billion. In addition, the group owns substantial real estate properties in Greece and redeveloped some of its properties as real estate development projects. For more information about our company, please visit our website at www.viohalco.com. * BRU5188439/4 162271-0001 .

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    1 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us