Flexopack announced that it has signed a contract to cover a joint bond loan with a total nominal value of €20 million. 

The loan will be fully covered by the "National Bank of Greece", which has also been appointed as Paying Agent and Bondholders' Representative.

The proceeds of the above joint bond loan will be used by the company to fully repay and redeem previous joint bond loans of €10,500,000, both of which were covered by the "National Bank of Greece," on the one hand, and €9,500,000 to cover the company's long-term working capital needs in order to serve its corporate purposes and, in particular, its investment program, on the other hand.