Creta Farms completes debt settlement agreement with creditor banks

Creta Farms on Thursday announced the completion of a signing procedure of agreements with creditor banks on the restructuring of the company’s debt.

In an announcement, the Group said the agreement covers loans signed with National Bank, Piraeus Bank, Eurobank, Alpha Bank and their subsidiaries (factoring & leasing) and includes the company’s syndicated loans, bilateral loans and factoring and leasing funding. The terms offers more favourable financial terms to Creta Farms such as a significant reduction of the interest rate and a balloon payment.