Athens, 24 October 2019- Karatzas & Partners advised Crystal Almond Group and WIND Hellas in connection with the high yield bond offering of €525 million 4.250% senior secured notes due 2024, the proceeds of which are used to pay back its €275 million senior secured notes due 2021 and keep €210 million on its balance sheet to enhance its capital expenditure and cash flow requirements. 

The Group also entered into a new €75 million revolving credit facility with international banks. This successful offering provides more favorable lending terms and lower financing costs for the Group. This transaction was completed against a very tight timeline of just two weeks and required elaborate legal structuring and implementation.