February 8, 2007 The Board of Directors of UNITED TEXTILES S.A. announces that in the framework of the restructuring and financial recovery actions and according to the March 15th 2006 M.O.U., our company and the creditor banks NBG, Emporiki, Alpha, Agricultural, EFG Eurobank and Geniki-Societe Generale, on February 6, 2007 signed an agreement for the issue and disposal of a non-convertible corporate bond loan of Euro 120,000,000.
The issue of this bond is the means for restructuring of the Company's current short term and long term bank debt over a ten-year term.
