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 sources of the Greek arm of Intrum.
In this context, the agreement has been reached with more than 90% of the creditors and more than 73% of the Group’s bondholders, who support the capital strengthening process and the current stage includes the submission to Chapter 11, according to American law.
It is a technical tool that is often used in similar procedures and is a safe and fast way of completing them. It does not affect the operation of the Group and its subsidiaries, which continues normally and without interruption, the sources state. They note that the Greek supervisory authorities remain informed of every step of the capital strengthening and restructuring process of the Group.
The process of capital strengthening and refinancing of the Group does not affect its activity – and the activity of Intrum in Greece, which records consistently high performance at all levels, they underline.
It is noted that the turnover of Intrum in Greece for the year 2023 amounted to €223 million. The company offers sustainable solutions to hundreds of thousands of borrowers, while consensual solutions are applied in more than 90% of the cases. 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
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