PPC S.A., following stock announcements issued on 23.7.2020 and 12.8.2020, announces that on 24 November 2020, it proceeded with an initial drawdown of €150 m on its €200 m signed securitization facility with JP Morgan Chase Bank as investor and PPC Energy Finance DAC as Issuer. Servicer on the transaction is PPC SA and Qualco SA supports the transaction as a Sub-Servicer.
Facility is backed by receivables of up to 60 days. This credit facility through its revolving nature allows for future drawdowns and has a tenor of 3 years.
PPC will proceed with a new announcement after the signing of the contractual documents and the financial closing of the securitization transaction for overdue receivables over 90 days.
Athens, November 25, 2020
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