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Attica Group Discusses Debt Restructuring

Today, Attica Group stated it was negotiating with an impressive amount of banks, that included Fortress Credit Corporation.

The negotiations revolve around long term debt restructuring, equalling 290 millions euros in loans and 628 million euros in ship worth. The agreement will also seek to entice vital participants.

Attica Group announced to the Capital Market Commissions, its goal of a financed business strategy that will strengthen the Group's premier role, in revamping the coastal shipping sector. The strategy is already being implemented by Piraeus Bank. Attica Group confirmed that discussions have not reached completion, and plans are also underway for convertible bond loan issuing.