Martifer informs about agreement for financial restructuring
Martifer hereby informs that, following the priorities defined in the restructuring plan, reached an agreement with a group of creditor financial institutions for the restructuring of Financial Debt in the Holding and in the Construction segment perimeters.
The global amount of financing to be restructured reaches around 260 million euros, which corresponds to around 85 % of the Martifer Group’s gross consolidated Financial Debts on 30th September 2015.
The agreement envisages the pursuance of the plan for the divestment in non-core businesses and real estate assets that will allow the gradual reduction of the Net Debt in the Holding perimeter and the optimization of operational Cash Flow generation in the construction segment.
This operation will allow:
- to adequate the inflows maturity of the operational activity and investment (divestment) to the outflows of the financing activity