Public Power Corp., JP Morgan amend terms in overdue bills securitisation
Reuters
Published Jun 30, 2022 08:43
ATHENS (Reuters) - Public Power Corp. (PPC), Greece's biggest power utility, have agreed to amend terms in a deal for the securitisation of overdue bills up to two months, it said late on Wednesday.
The amendment aimed to increase the senior commitment amount to 300 million euros ($313.26 million) from 200 million, reduce interest payments and extend the maturity date to June 2025, the company said.
($1 = 0.9577 euros)
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Written By: Reuters
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