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Banks Extend $80 m. to CMA CGM

Banks Extend $80 m. to CMA CGM
The consortium of banks of CMA CGM yesterday signed an agreement to release US$80 million in financing to the Group.

Banks Extend $80 Million Cash to CMA CGM.

The consortium of banks of CMA CGM yesterday signed an agreement to release US$80 million in financing to the Group. This financing is part of the overall Restructuring Plan whose negotiations are proceeding normally and which calls in particular for the grant of a US$500 million cash facility.

This payment is made at a time when the Group"s operations are continuing to show strong improvement month after month.

www.turkishmaritime.com.tr

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