Flexopack, following the decision of its Board of Directors dated 15 November 2021, announces that on 17 November 2021 a Joint Bond Loan Coverage Agreement was signed through a private placement, in accordance with the provisions of Law 4548/2018 and Law 3156/2003, as in force, amounting to 7,000,000 euros, with coverage by the “National Bank of Greece SA”.
“National Bank of Greece SA” was appointed Power of Attorney and Representative of the Bondholders.
The company will use the above loan as follows: (a) amount of 3,646,000 euros, for the refinancing of an existing joint bond loan and (b) amount of 3,354,000 euros, to cover the needs of long-term working capital to serve the corporation for this purpose.
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Source From: Capital
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