eDreams Agrees New Financing Conditions with the Banks

21 April 2020 – Brainsre.news

The travel agency has signed an agreement with the banks to ensure that obtaining the main line of credit for its financial year 2021 is not linked to its reduction objectives for gross debt.

The online travel agency eDreams Odigeo has announced that it has signed an agreement with the banks to ensure that obtaining the main line of credit for its financial year 2021 -which runs from April 2020 to March 2021- is not linked to the reduction objectives for gross debt.

“eDreams is a very strong company, both financially and culturally, and the exemption granted by our banks demonstrates this. We have managed the business with prudence, which will allow us to overcome these difficult times”, explained Dana Dunne, CEO of eDreams, in a statement. In this sense, he has ensured that the senior debt corresponding to 2023 will continue to be paid.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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