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Minoan Lines prepaid its total outstanding bank loan


Minoan Lines S.A. announces to 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 been participated.

It should be point out that companys bank debt as of 31/12/2004 was € 527 million while today is zero.

The aforementioned positive development is due to the companys solid financial structure that has been improved over the last years, despite the economic crisis and it is derived from the rationalization of its shipping operation.   

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