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Restructuring proceeds as planned - No impact on Greece | TheGreekDeal.com
INTRUM
Restructuring proceeds as planned - No impact on Greece
Intrum Group is in the process of implementing its plan for capital strengthening and refinancing of its liabilities in order to maximize the value of the organization, improve liquidity and support its long-term growth path.
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Intrum Group is in the process of implementing its plan for capital strengthening and refinancing of its liabilities in order to maximize the value of the organization, improve liquidity, and support its long-term growth path.

In this context, agreement has been reached with over 90% of the creditors and over 73% of the group's bondholders, who support the capital strengthening process, and the current stage includes Chapter 11 filing under US law. This is a technical tool often used in similar proceedings and is a safe and quick way to complete them. And it has no impact on the operations of the group and its subsidiaries, which are continuing normally and without interruption.

It is noted that the Greek supervisory authorities remain informed of each step of the group's capital strengthening and restructuring process.

The Group's capital strengthening and refinancing process does not affect the Group's business—and Intrum's business in Greece, which has been consistently performing well at all levels.

It is noted that Intrum's turnover in Greece for the financial year 2023 amounted to EUR 223 million. The company offers viable solutions to hundreds of thousands of borrowers, while consensual solutions are applied in over 90% of cases. In the settlement process through the out-of-court mechanism, in the most numerous category of settlements (debts above EUR 250,000), the approval rate is >80%.

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