Alpha Bank- Completion of bad loans disposale to Fortress and Davidson Kempner
Completion of the disposal by Alpha Bank S.A. of a mixed pool of secured Non-Performing Loans to Greek Large Corporate Entities and Small and Medium-sized Enterprises (Project Hermes) 25.5.2023
Following its Announcement of 5.5.2023, Alpha Services and Holdings S.A., parent company of the Alpha Bank S.A., announces that on 25.5.2023 Alpha Bank S.A. completed the disposal of a mixed pool of secured Non-Performing Loans to Greek Large Corporate Entities and Small and Medium-sized Enterprises (the “Hermes Portfolio”) of a total on-balance sheet gross book value of approximately Euro 0.65 billion, as follows:
A) to Saturn Financial Investor Designated Activity Company and to Pluto Financial Investor Designated Activity Company, entities financed by funds managed by affiliates of Fortress Credit Corp. (the “Hermes Tranche A Portfolio”),
B) to Hermes Acquisitions B Designated Activity Company, an entity financed by funds managed by affiliates of Davidson Kempner Capital Management and funds managed by affiliates of Fortress Credit Corp. (the “Hermes Tranche B Portfolio”).
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