KME Group, closing of the agreement to increase bank financing

CHL settlement agreement reached for bankruptcy

(Finance) – KME Groupa diversified holding company listed on Euronex Milan, has announced that its subsidiary KME SE has finalized the closing of the agreement signed with a pool of financing institutions and communicated last November 9, all the conditions precedent having been satisfied, with a increase in the amount of lines of a further 50 million euros and therefore for a total amount of up to 460 million euros.

At the same time the closing of the factoring lines outstanding for 376.5 million euros.

(Photo: Scott Graham on Unsplash)

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