The Intrum Group is currently implementing the plan for capital reinforcement and refinancing of its obligations in order to maximize the value of the organization, improve liquidity and support its long-term development path, as reported by Intrum Greece sources.
In this context, an agreement was reached with more than 90% of creditors and more than 73% of the Group’s bondholders, who support the capitalization process and the current stage includes the submission to Chapter 11, according to American law.
It is a technical tool often used in similar procedures and is a safe and quick way to complete them. It has no impact on the operation of the Group and its subsidiaries, which continues normally and without interruption, the sources say. They note that the Greek supervisory authorities remain aware of all stages of the capital strengthening and restructuring process of the Group.
The Group’s capital strengthening and refinancing process do not affect its activity – and they emphasize Intrum’s activity in Greece, which consistently records high performance at all levels.
It is noted that the turnover of Intrum in Greece for the year 2023 was €223 million. In the settlement process through the out-of-court mechanism, in the most numerous settlement category (debts over 250,000 euros, the approval rate is >80%).
Source: OT