Greek Minoan Lines prepaid its total outstanding bank loan
Minoan Lines S.A. announced to the investment public that on Friday, June 29th 2018, prepaid its total outstanding bank loan. More precisely, the company fully repaid € 48 million of its Bond Loan Facility in which 4 Greek and 5 foreign banks have participated.
It should be pointed out that the company΄s bank debt as of 31/12/2004 was € 527 million while today is zero.
The abovementioned positive development is due to the company΄s solid financial structure that has improved over the last years, despite the economic crisis and it is also derived from the rationalization of its shipping operation.
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