Intrum: At the final stage the restructuring of the group

In the next restructuring phase the group passed, by submitting to the voluntary application in the US, nti in accordance with the Chapter 11 procedure of the relevant law. According to Intrum Group sources, he has secured the consent required by his lenders and expects the court to approve by the end of the year, using Chapter 11 which is a technical tool, which is often used in similar procedures and is a safe and quick way to complete them. As noted in previous stages, the operation of the Group and its subsidiaries is not affected, while the emphasis placed on best customer service remains a priority. As mentioned, the Group has the necessary liquidity to support its operation and the execution of the business plan it has presented, without any change in the activity and organization at Group and Affiliate level. The restructuring process concerns capital support and refinancing of the Group’s liabilities, in order to maximise the value of the organisation, improve liquidity and support its long-term growth path and have brought together the approval of the vast majority of lenders. The Greek supervisory authorities remain aware of each step of the Group’s capital aid and restructuring process. The Group’s capital restructuring process, as stressed, does not affect its activity – and Intrum’s activity in Greece, which records consistently high performance at all levels. Intrum’s turnover in Greece for the year 2023 was EUR 223 million. As he has announced, the company offers viable solutions to hundreds of thousands of borrowers, while more than 90% of cases are subject to consensual solutions. In the process of regulation through the extrajudicial mechanism, in the most populous category of regulation (females over EUR 250,000), the reliability is over 80%. Source: RES – ICM