New Pescanova’s shareholders will finalize a deal with its creditor banks this week for a €125 million credit facility with an interest of 15 percent, reports Faro de Vigo.
In February, the company called on shareholders to participate in the loan, which would reach maturity in 2034.
During an extraordinary shareholders meeting, Jacobo Gonzalez-Robato said the G-7 -- Sabadell, Popular, CaixaBank, Abanca, Bankia, BBVA and UBI Banca – had already provided €83.4 million ($94.4 million) of that credit for the company’s working capital last December.
In
