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AmRest obtains an additional 100 million in its line of credit for corporate purposes and expansion

MADRID, 9 Sep.

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AmRest obtains an additional 100 million in its line of credit for corporate purposes and expansion

MADRID, 9 Sep. (EUROPA PRESS) -

AmRest, owner of restaurant brands such as La Tagliatella or Sushi Shop, has signed a modification of certain terms of the credit agreement, including the commitment of the creditor entities to grant the firm the so-called 'Facility G', for an amount of 100 million additional euros.

Added to this is the inclusion of the obligation to maintain an equity/assets ratio, keeping the main terms in terms of interest and maturity unchanged, as reported to the National Securities Market Commission (CNMV).

As a result of said modification, AmRest will draw, once the usual conditions in this type of operation are met, all of said line of credit in the coming days, and will use it to finance the general corporate purposes of the group and to the expansion.

The company recorded losses of 33 million euros in the first half of the year, while the group's sales in this period stood at 1,112.7 million euros, which represents an increase of 31.7% compared to 844.3 million euros in the first half of 2021.

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