The administration of the Ellactor Group is expected to begin early redemption of 497 million euros of bonds, or 74.2% of the total amount of international bonds of 670 million euros, today. This amount was derived based on bondholders accepting a 101% early redemption offer submitted by the Greek group between August 1st and September 21st. To this end, Ellactor issued a joint bond loan in the amount of 500 million euros for a period of 18 months, which was covered by the Eurobank. At the same time, Actor Concessions also launched a €275 million joint bond issue for 15 years (expiring December 31, 2037) that will finance the repayment of its debts to the parent company.” Ellactor, covering the remaining debt under the Elaktor international bonded loan, but also financing new investments by the concession company. In particular, 175 million euros will cover the full redemption of Eurobonds, and an amount of 100 million euros will be used to invest in the concession industry.

Thus, the Ellactor Group is relieved of a very important burden, not only in terms of financial costs, but also in terms of obligations and obstacles to its smooth operation. In particular, the international bonds, which expired in December 2024 and were issued three years ago at an interest rate of 6.375%, resulted in an annual value of 42 million euros. At the same time, this significantly restricted the movement of funds between the individual companies of the group, making it difficult, for example, for the construction sector (“Actor”), as a result of which it cannot complete projects in a reasonable time due to lack of liquidity. Indeed, for this reason, the shareholders were obliged last year to increase capital by 120 million euros for the sole purpose of financing the “Actor”.

It is noted that the funds for the repayment of loans that covered the repayment of the Eurobond are already secured through the sale of the energy production sector from renewable energy sources (renewable energy sources) at a percentage of 75% to the Motor Fund. Oil group of the Vardinogiannis group.