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Current Position:Home » News » Agri & Animal Products » Meat & Seafood » Topic

Spain's Pescanova gets 56 million euro syndicated loan

Zoom in font  Zoom out font Published: 2013-07-01  Origin: Reuters
Core Tip: Indebted Spanish fishing firm Pescanova, which filed for insolvency in April, said on Friday it had obtained a 56- million-euro ($73 million) syndicated loan to cover its urgent financing needs.
Indebted Spanish fishing firm Pescanova, which filed for insolvency in April, said on Friday it had obtained a 56- million-euro ($73 million) syndicated loan to cover its urgent financing needs.

Spain's largest banks were all involved in the syndicate, it said in a regulatory filing.

Pescanova's insolvency filing mentioned debts of 1.5 billion euros but financial sources have said that total debt is probably more than double that amount. (Full Story ($1 = 0.7691 euros)

 
 
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